Volatile Outlook for Rio Tinto as Iron Price Slumps
The mining company has seen some major moves in the share price as Chinese demand and commodity price fluctuations impact sentiment.
Despite the concerns, the dividend has continued to grow, with brokers remaining bullish of the stock and the outlook remaining fairly strong.
Asian Markets Slump to 7 Month Low
With stock markets around the world falling on growth fears, we have also seen the USD/JPY pull back from a 1 month low.
Brent crude fell to an almost 4 year low just above $88, whilst Tesco is set to lose two additional board members.
US Crude Slumps but Gold Rebounds
Any break down out of its current channel will see US crude target support at $77.40, with weakness in the US dollar helping declines.
Gold has seen a recovery as global uncertainty sees safe haven buying and a pull back in equities.