Commodities Weekly Further evidence that sentiment is bottoming out We do not expect the future paths to be smooth, but the rallies in commodity prices over the past week are consistent with the relatively positive views we have been expressing for some time. Indeed... 9th October 2015 · 1 min read
Commodities Weekly Weak US data unsettle markets again The main event of the past week was the disappointing US jobs report for September, which clearly did little to improve investor confidence in the global economy. Yes, it will probably delay the first... 2nd October 2015 · 1 min read
Commodities Weekly Looking for reassurance on China and from the Fed Commodity markets ended the week on a stronger note, helped by comments from Fed Chair Janet Yellen . Even though she sent a pretty strong signal that US interest rates are still likely to be hiked... 25th September 2015 · 1 min read
Commodities Weekly Gold one of the few beneficiaries of Fed’s hesitancy Commodity markets initially welcomed the US central bank’s decision to keep interest rates on hold on Thursday, but the mood soon cooled. Indeed, the Fed’s hesitancy only appears to have reinforced... 18th September 2015 · 1 min read
Commodities Weekly First Fed hike unlikely to be a game-changer A recovery in sentiment toward the Chinese economy lifted the prices of key industrial metals in the past week, although oil suffered from fears of further over-supply following the lifting of... 11th September 2015 · 1 min read
Commodities Weekly Better news from China to outweigh first Fed hike The prices of key industrial commodities, notably oil, have been relatively calm in the last few days, helped by the holidays that closed China’s equity markets. Nonetheless, the robust US employment... 4th September 2015 · 1 min read
Commodities Weekly Focus may soon return to the Fed The relief rally in Chinese equities prompted by additional policy stimulus has turned global sentiment around, but a sustained recovery in commodity prices will probably require hard evidence that... 28th August 2015 · 1 min read
Commodities Weekly China panic spreads The negative sentiment prompted by the slide in the renminbi has been compounded by further weakness in Chinese equities and another soft reading of the country’s manufacturing PMI. What’s more... 21st August 2015 · 1 min read
Commodities Weekly China’s “devaluation” lifts precious metals prices The People’s Bank of China surprised markets on Tuesday by lowering the reference rate that determines the mid-point of the renminbi’s trading band against the US dollar. Although the bank explained... 14th August 2015 · 1 min read
Commodities Weekly Relative calm after the storm Last week’s negative sentiment towards commodities spilled over into this week as the prices of most commodities fell further, albeit to a lesser extent. Even the upward revision to US GDP in Q1 and... 31st July 2015 · 1 min read
Commodities Weekly From “super-cycle” to “commodity meltdown”? Sentiment has soured dramatically in the past week with the prices of almost all commodities falling sharply. Ironically, many of the same commentators who continued to peddle the “supercycle”... 24th July 2015 · 1 min read
Commodities Weekly Commodities struggle as dollar dominates Losers again outweighed winners this week. Oil dropped in anticipation of the easing of sanctions on Iran, although the near-term prospects for prices may depend more on sentiment towards China and... 17th July 2015 · 1 min read
Commodities Weekly Ouch! Commodity investors could be forgiven for a huge sigh of relief that this week is over. The combination of the crisis in Greece and – especially – worries about the fallout from the slump in China’s... 10th July 2015 · 1 min read
Commodities Weekly Fears about global growth weigh on industrials It was another strong week for the prices of many agricultural commodities as the USDA’s latest report on planting and stocks stoked concerns about a deteriorating supply outlook. However, given high... 3rd July 2015 · 1 min read
Commodities Weekly Adverse weather boosts agriculturals The prices of many agricultural commodities rose this week as adverse weather, notably in the US but also in Europe, clouded prospects for forthcoming harvests. Meanwhile, the prices of industrial... 26th June 2015 · 1 min read
Commodities Weekly Industrial metals continue to struggle The escalating crisis surrounding Greece’s negotiations with its creditors and its potentially negative implications for the euro-zone economy weighed on investor sentiment this week. Industrial... 19th June 2015 · 1 min read
