Futures fell due to China’s economic slowdown

U.S. commodity and futures prices fell as slowing growth in China raised concerns about the global economy and demand in the world’s largest consumer of raw materials.

Data on factory output, investment, consumer spending and real estate, among other indicators, show The economy is in trouble in July, prompting the central bank to cut interest rates. The recession added pressure on the world economy due to the war in Ukraine, high energy prices in Europe, financial stress on several emerging market economies and rising interest rates in the US.

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