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Markets mixed as Delta worries grow

Market futures were mixed as worries mount about the economic impact of the rapidly-spreading Delta variant of COVID-19.
Markets mixed as Delta worries grow Markets mixed as Delta worries grow Markets mixed as Delta worries grow Markets mixed as Delta worries grow Markets mixed as Delta worries grow

BHP’s Nickel West operations in WA

Staff reporter

"As COVID-19 cases spread rapidly both in China and the US, investors worry about the strength of the economic recovery and the virus's continuous impact on supply chains and thus inflation," Marex's Anna Stablum said from the LME desk (Singapore).

In Australia, the S&P/ASX200 closed lower today, dropping 16.9 points or 0.23% to 7,474.5 after setting a new 52-week high on Monday.

Copper had closed down 0.27% in London yesterday.

Gold has softened to US$1,809 an ounce on the spot market.

Among the mining majors, BHP closed down 1.38% in Australia.

Glencore and Rio Tinto were little changed in London yesterday.

Markets were closed in Toronto yesterday for Civic Day.