A top for iron ore? That's what one broker says as it downgrades three mining giants
Miners dragged down the top British stock market index as a broker downgraded three of the giants after calling a top on iron ore.
What’s moving markets The mood in markets was hurt after the U.S. Justice Department announced late Tuesday it was probing the American technology giants that have carried stock markets higher. U.S. stock futures ES00, -0.22% were pointing to a weaker start Wednesday. Battered U.K. broadcaster ITV ITV, +6.87% enjoyed some relief, with the stock jumping nearly 7%. The country’s largest commercial broadcaster reported a 16% drop in first-half pretax profit and announced new cost savings. The stock is still down 34% over the last 12 months.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former London Mayor Boris Johnson to Become New British Prime MinisterBoris Johnson is set to become Britain’s new prime minister, delighting fans of the colorful former mayor of London but dismaying critics who fear that he is intent on pulling the country out of th…
Read more »
U.S. coal miners discouraged by black lung meeting with McConnellA group of coal miners afflicted with black lung disease met with Senate Majorit...
Read more »
Special Report: The wildcat gold miners who get rich sickA few years after coming as a teenager to this Ghanaian town to prospect for gol...
Read more »
Coal miners to urge Congress to protect their black lung benefitsAround 120 coal miners with black lung disease were due in Washington on Tuesday...
Read more »