London — World stocks struggled at a five-and-a half-week low on Monday, though metals dazzled with zinc at its highest in a decade, copper hitting a nearly three-year high and iron ore’s gains in the last two sessions stretching to 5%. Traders were digesting the latest departure from Donald Trump’s White House team, watching tensions around North Korea and waiting to see what the world’s top central bankers would signal at the annual Jackson Hole gathering later in the week. European stocks fell for a third session, though merger and acquisition activity helped shipping giant Maersk jump and the rally in metals sent Rio Tinto, BHP Billiton and Anglo American higher. Zinc hit its highest since October 2007 at $3,180.50 a ton, bellwether metal copper rallied to $6,593 a ton, its highest since November 2014, and nickel, used in stainless steel, gained over 2% to a 2017 peak. It came amid hopes for Chinese infrastructure spending as stocks at Chinese ports fall for a fourth week and a ...
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