Commodities Ultra-low real yields to keep gold elevated Despite some jitters in equity markets, commodity prices generally ended the week higher. In what is becoming a well-worn pattern, optimism about a robust economic recovery continued to build – this... 24th July 2020 · 8 mins read
Commodities Update Cotton prices to remain subdued Prolonged weakness in demand and high production will keep the cotton market in a surplus in 2020/21. As a result, we forecast that cotton prices will remain low over the next 18 months. 24th July 2020 · 3 mins read
Commodities Weekly Prices in a narrow range amid virus concerns A raft of positive Chinese economic data this week offered some support to commodity prices, but concerns about the rise in coronavirus infections in the US and in Latin America prevented any... 17th July 2020 · 7 mins read
Commodities Weekly Broad-based recovery leaving energy behind The prices of most commodities rose this week, with the exception of energy. In particular, industrial metal prices rose alongside Chinese equities. Elsewhere, the European economic recovery is... 10th July 2020 · 7 mins read
Global Economics Chart Pack Initial rebound at risk from renewed outbreaks Hard data for May generally revealed sharp improvements in activity, particularly retail spending, albeit not to pre-virus levels. This led us to revise our forecasts for several economies including... 9th July 2020 · 15 mins read
Commodities Update Strong demand set to keep lumber prices high As the US economy continues to recover from virus-related disruption, we expect the housing and retail sectors to rebound. This, along with a stronger Canadian dollar and restricted supply (owing to... 9th July 2020 · 3 mins read
Commodities Weekly Prices lifted by encouraging economic data This week was fairly quiet for commodities, with most prices rising slightly. In particular, energy prices in the US and Europe were boosted by the partial (albeit uneven) paring back of virus... 3rd July 2020 · 7 mins read
Commodities Chart Pack Strong Chinese recovery is good news The more industrial commodities performed particularly strongly in June on the back of the ongoing revival in global economic activity. We have become more positive on the outlook for industrial... 2nd July 2020 · 8 mins read
Commodities Weekly Despite the recent wobble, prices should rebound The prices of most industrial commodities fell this week owing primarily to concerns about the spread of the coronavirus, particularly in the south of the US. Falls in equity markets also weighed on... 26th June 2020 · 8 mins read
Commodities Weekly Revising up our metals forecasts as China rebounds Industrial commodity prices continued to claw back their virus-induced losses this week. These gains helped to extend the general rise in the prices of industrial commodities since late March... 19th June 2020 · 8 mins read
Global Economics Chart Pack Steep contraction in Q2, but signs of revival from May Available data suggest that world GDP will fall by around 8% q/q in Q2. While China has seen some recovery, GDP in southern Europe probably fell by as much as 25% on the quarter and India appears to... 15th June 2020 · 14 mins read
Commodities Weekly A pause for thought … The recent rally in most commodity prices stalled this week at least in part due to concerns about the scale of virus infections, particularly in the US. A stronger US dollar, falls in US equity... 12th June 2020 · 7 mins read
Commodities Weekly The green shoots of recovery taking hold The prices of most commodities prices rose this week, as signs emerged that developed economies may be past the worst of the initial economic hit from the coronavirus. Stronger-than-expected US... 5th June 2020 · 7 mins read
Capital Daily ECB reinforces case for optimism on euro-zone assets The ECB’s decision to increase its asset purchases by €600bn, and the resulting positive reaction in markets, supports our view that policymakers’ efforts to contain strains in the currency union will... 4th June 2020 · 7 mins read
Commodities Weekly Renewed US-China tensions cloud price outlook The close of China’s National People’s Congress (NPC) yesterday brought with it little in the way of additional news, leaving the huge fiscal stimulus announced last Friday – which was unambiguously... 29th May 2020 · 7 mins read
Commodities Weekly China NPC brings good news for commodities Most commodities prices rode the wave of a general uplift in investor sentiment this week. That said, prices have eased back slightly today despite encouraging signs from the National People’s... 22nd May 2020 · 7 mins read
