Falling commodity prices are still a concern for global markets. The issue was again brought to the fore yesterday amid a series of disappointing manufacturing PMIs from the world’s leading economies, as China and the US came in worse than expected. The impact is playing out across the oil markets which have now fallen back to multi month lows. Equity markets are feeling the strain, with markets most exposed to basic materials and oil sectors, have been hit the hardest (such as FTSE 100). The Reserve Bank of Australia has held rates steady at 2.0% today but interestingly it has also come out this morning and dropped ... (full story)