The mood in commodity markets soured once more in the past week, with any positive developments outweighed by the negatives, including renewed US dollar strength, OPEC disunity, high US oil stocks and other evidence of ample supply (from coffee to iron ore). Indeed, even the positives – additional policy stimulus from the PBOC and strong signals of more monetary easing to come from the ECB – were interpreted negatively by some as reminders of underlying economic problems in China and Europe.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services