BUZZ-Miners fall on poor China data, Goldman bear stance

Tue Mar 8, 2016 3:33am EST
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** Shares in mining companies BHP Billiton, Anglo American, Glencore, Rio Tinto bottom four losers on the FTSE 100

** Short-covering led rally stumbles as Chinese trade data comes in far worse than feared, and Goldman Sachs reiterates fundamentals remain weak

** China reports Feb. trade performance far worse than economists expect, with exports tumbling the most in six years

** Goldman Sachs says there is little prospect of improvement in Chinese demand, points to pick up in Chinese credit and short-covering on the back of a depreciating dollar for metals rally

** BHP says iron ore supply growth will outpace demand growth over the next few years

** Anglo down 6.7 pct, BHP down 5.6 pct, near the bottom of the Stoxx 600 ; Rio, Glencore, Antofagasta down 3.8-4.5 pct

** Stoxx 600 Basic Resources Index down 3.8 pct, breaking seven-day gaining streak and worst sector in Europe; index's gains helped it touch its 200-day SMA on Monday (