Gold extends losses; copper hits 6-year low

Chris Ratcliffe | Bloomberg | Getty Images. Hefty stock market plunges this year have not been justified, according to commodity analysts at Goldman Sachs. · CNBC

Squawk Box Live in Europe kept you updated on the latest data out of China, which showed one measure of factory activity grinding to a 15-month low in July.

We also focused on the continued rout in commodities and also Amazon (NASDAQ: AMZN)'s earnings on Thursday evening, which sent the retailer's stock surging higher.

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