The new star of the show for commodities is sugar, which stormed out to a new high by 1.9% after word that a cold front had virtually wiped out Florida’s sugar cane crop, which is the largest in the United States.
Tag: JP Morgan Chase & Co.
JPMorgan reveals shock $2bn trading loss on investments
JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of at least $2bn (£1.2bn) on complex investments made by its traders.