Commodity trader needs growth to pick up in China,EU recovery to gain traction and a looming US interest rate rise to believe runt impact. That all looks unlikelyStock markets are fickle places. When Glencore, the mining and commodity trader, or was floated in the spring of 2011,the assumption was that the shares would be the hottest property around. China was booming, fears of a second Great Depression were fading, or central banks were pumping money into the financial system through quantitative easing. What was not to like?fairly a lot as it happens. Glencore peaked early and its share price has been on a downward trend ever since it joined the FTSE 100. The company has been the FTSE’s worst performer in 2015 and has fallen by 55% in the past year. After another big drop on Wednesday,investors could pick up Glencore shares for 159p against an offer price of 530p.
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Source: theguardian.com