Postby ray d saint » January 13th, 2009, 8:06 am
Jan. 13 (Bloomberg) -- Stocks in Europe and Asia declined the most in a month as slumping metals and oil prices dragged down commodity producers and Alcoa Inc. said demand for aluminum may weaken. U.S. index futures fell.
BHP Billiton Ltd. and Total SA retreated more than 2 percent as copper futures tumbled in Shanghai and crude sank for a sixth day in New York. Alcoa slipped 1.1 percent in Germany after the largest U.S. aluminum producer reported its first quarterly net loss in six years. Sony Corp. sank 8.9 percent after the Nikkei newspaper said the company will record an annual operating loss.
“People are refocusing back on disappointing economic and corporate news and risk aversion has risen again,â€
