A copper price collapse of more than 60 percent, zinc cut by up to a half and oil down to $70 a barrel. That’s the fate facing world commodity markets should China’s growth dip to 3 percent in the next three years -- a scenario economists at Barclays Plc are now examining.
China’s stocks rose the most since December, led by financial companies, as investors speculated banks will be allowed to issue preferred shares to boost capital and data showed exports grew more than estimated.
China’s move to loosen interest-rate controls is insufficient to cut corporate borrowing costs in coming months as the economy expands at the slowest pace since 1990, according to Barclays Plc and UBS AG.
Asian stocks rose, with the regional benchmark index on course for the biggest advance in 10 months, after Federal Reserve Chairman Ben S. Bernanke said the U.S. will continue stimulus and on speculation China will take steps to boost growth.
Asian stocks rose, with the regional benchmark index capping its biggest weekly advance since April, after the U.S. and Japanese central banks signaled they will maintain measures to boost their economies.
China’s stocks fell to a 13-month low as Chinese banks’ share sales, slower-than-estimated U.S. jobs growth and a worsening government debt crisis in Europe fueled concern the global economic recovery will slow.