The outlook Glencore (GLCNF.PK) gave for the commodities market in its H1 earnings report sets a...

|About: Glencore Plc (GLCNF)|By:, SA News Editor

The outlook Glencore (GLCNF.PK) gave for the commodities market in its H1 earnings report sets a "somber tone... consistent with a company not inclined to bump Xstrata merger terms,” Liberum Capital writes, reiterating its view that a deal likely will fall apart. The markets appear to agree: The ratio of Xstrata to Glencore shares fell to 2.57, below the deal announcement level for the first time.