Advertisements
Latest News:

Australian investors brace for another horror day on the stock exchange

The Australian mining sector and investors are bracing for another horror day on the stock market after overnight falls in share prices. There are grown fears of the downturn and resources commodities in Australia. Yesterday saw a lot of panic selling by investors when it came to the mining sector on the stock exchange.

The mining company Glencore with its large dead has played a major role with the hiton the financial markets. Then are now concerns that the banks may call in debts on mining companies which could lead to another financial crisis. Some feel that the mining company could be the mining sector is very own Lehman Brothers.

In a press statement released by the mining company Glencore they said “Our business remains operationally and financially robust — we have positive cash flow, good liquidity and absolutely no solvency issues,”

The production of copper has also been it’s worst since 2011 and it today continues like yesterday it will be its worse since 2009.

Asian markets also suffered a slide yesterday after concerns of the slowdown in China would dent its massive demand for commodities.

Advertisements
About Staff Writer (1946 Articles)
Bringing real independent news to all people

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: