Scoreboard: Pause button

Markets took a breather from their rally overnight, with a big move in crude leading Wall Street into the red.

There was little in the way of news or commentary last night, yet markets have decided to take some risk off the table nevertheless. I don’t really see a clear catalyst for it, although some moves were sizeable.

Copper for instance fell 2.2 per cent overnight and crude was down 1.5 per cent to $96.82. This is the lowest level for crude since about June with losses of about 13 per cent over the last six weeks or so.


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