Producers of metals and other raw materials fell sharply amid concerns about the outlook for interest rates in light of strengthening retail-sales growth.
Gold futures, which are particularly sensitive to the outlook for rates, fell to their lowest level since July 10.
American gold-mining giant Newmont's proposed takeover of Australian rival Newcrest took a step closer to completion, securing clearance from the Korea Fair Trade Commission.
Russia's central bank jacked up its key interest rate at an emergency meeting to stem a sharp selloff in the ruble and resurgent inflation, a response to the mounting financial costs of Moscow's war in Ukraine.
U.S. Steel shares gave back some of their gains associated with the bidding war between Cleveland Cliffs and Essmark, as investors grew concerned about likely opposition to a buyout from antitrust regulators.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-15-23 1713ET
