GLOBAL MARKETS-Commodities hit as dollar rises

lunes 23 de noviembre de 2015 09:18 GYT
 

* Oil, base metal prices fall again as dollar gains

* Euro under pressure as ECB seen easing next week

* Bond spreads widen sharply to underpin US dollar

* Pfizer set to buy Allergan for over $150 bln-sources

By Marc Jones

LONDON, Nov 23 (Reuters) - Commodity markets were hit and stocks and bonds were in the firing line on Monday, as expectations for a first increase in U.S. interest rates in almost a decade next month pushed the dollar to a seven-month high.

Industrial metals copper and nickel plunged and oil prices whipsawed, while the euro fell as low as $1.06 as the prospect of more policy easing by the ECB in Europe was compounded by a security lockdown in Brussels.

European stocks were down 0.5 percent despite better-than-expected euro zone data as the slump in commodities and the unrelenting appreciation of the dollar dominated sentiment at the start of the week.

Copper slumped to a fresh six-and-a-half year low and nickel dived more than 4 percent to its lowest since 2003 as traders bet metals prices still had further to fall, given slowing factory demand in China.   Continuación...