VanEck S&P Global Mining UCITS ETF is trading at $63.20 (-0.78%) as hawkish labor data from the May jobs report weighs on rate-sensitive and commodity-linked sectors.
- The ETF is tracking a selloff in cyclical and economically sensitive assets as the Nasdaq and S&P 500 fall amid a broad U.S. risk-off open.
- Mining equities are under additional pressure from weaker growth sentiment, geopolitical tensions, and a general rotation away from risk assets.