| World Bank warning hits markets; Copper slumps | |
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LONDON (AP) -- A warning from the World Bank that global growth this year won't be as high as previously thought weighed on stock markets Wednesday and sent the price of copper to its lowest level in more than five years. The euro fell below its launch level in 1999 after a court ruling that many analysts think will pave the way for a monetary stimulus from the European Central Bank next week. U.S. stocks were headed for a lower open and bond prices rose after the Commerce Department reported that retail sales fell sharply last month. The yield on the 10-year Treasury note fell to its lowest level since May 2013. KEEPING SCORE: In Europe, France's CAC 40 was down 1.1 percent while Germany's DAX fell 0.9 percent. Britain's FTSE 100 was 1.6 percent lower, underperforming its peers because miners make up a big chunk of the index. Half an hour before the opening of regular trading in the U.S., Dow futures were down 1.4 percent and S&P 500 index futures fell 1.2 percent. The yield on the 10-year Treasury note dropped to 1.80 percent from 1.90 percent late Tuesday, a large move. DISMAL FORECAST: The World Bank downgraded its forecast for global growth this year to 3 percent from 3.4 percent, blaming sluggish performances in Europe and Japan, and the slowdown in China. Lower oil prices and stronger U.S. growth may offset some of that weakness, but the bank sees risks to emerging markets if investors shift funds to take advantage of rising interest rates and improving economic prospects in the United States. |
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Antofagasta plc
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PRODUCER |
CODE : ANTO.L |
ISIN : GB0000456144 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Antofagasta is a copper and gold producing company based in United kingdom. Antofagasta produces copper, gold, molybdenum and silver in Chile, develops copper and gold in Chile and in Pakistan, and holds various exploration projects in Australia, in Chile, in Peru and in Sweden. Its main assets in production are MICHILLA, EL TESORO MINE, LOS PELAMBRES, EL TESORO, ESPERENZA (OXIDES) and ESPERANZA (SULPHIDES) in Chile, its main assets in development are REKO DIQ in Pakistan and LINCE/MICHILLA in Chile and its main exploration properties are PUNT HILL and PYRAMID ( ALASKA) in Australia, KIRUNA SOUTH in Sweden, CORDILLERA DE LAS MINAS in Peru and ANTUCOYA in Chile. Antofagasta is listed in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 2 223.1 billions as of today (US$ 2 594.8 billions, € 2 425.1 billions). Its stock quote reached its lowest recent point on October 18, 2002 at GBX 100.00, and its highest recent level on April 26, 2024 at GBX 2 255.00. Antofagasta has 985 856 000 shares outstanding. |