OAO GMK Norilsk Nickel, the world’s largest producer of the metal, forecast the market surplus will shrink to the smallest in four years in 2014 after the Indonesian ban on ore exports.
Canadian stocks slid for a fifth day, the longest stretch in seven weeks, as a decline in commodity producers overshadowed a $2.6 billion acquisition by Hudson’s Bay Co.
Canadian stocks fell for the third time in four days as energy shares slid the most in almost a year after BlackPearl Resources Inc. cut its oil production forecast and crude prices declined.
Hungarian Prime Minister Viktor Orban promised “a new system” after winning elections two months ago. Bankers are finding out what he means the hard way.
German stocks declined for a second day as investors awaited a report that may confirm the combined economy of the euro area expanded last quarter.