Summary
European steel and mining shares tumbled yesterday after news of China's surprise interest rate rise - raising fears that one of the world's top consumers of commodities will curb demand that has fuelled a boom in the sector.
The DJ Stoxx European basic producers index sank 3.2 per cent to 255.47 points, after hitting its best level in about two and a half years earlier this month.See the full content of this document
Extract
China's Rise in Interest Rates Hits Steel Shares
The sector is still up about six per cent for the year, outperforming the broader market, and s...
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