2. Keep an eye on copper’s dramatic fall: One growing global worry is the steep decline in copper, which is used in many products and is often viewed as good gauge on how China is doing. The price of copper hit its lowest price since 2009 on Wednesday at $2.46. Copper is down nearly 7% this week alone.
Investors are fleeing commodities, like copper, as oil prices continue to fall. Copper is also priced in dollars, which makes it less attractive to foreign buyers as the dollar strengthens.
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Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
