Citigroup Cuts Commodity Forecasts as Resources Rout Resumes

  • Energy equities are biggest losers on MSCI Asia Pacific Index
  • Commodities are under pressure from China: Citigroup report

Citigroup Inc. cut its commodities forecasts on concern slowing global growth will prolong the time it takes for markets to swing back into balance. Shares of resources companies resumed their drop as raw material prices slid.

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