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1037 days ago

Commodities were up 2% yesterday, up to their highest level in 6 years

The Bloomberg Commodity Index went up to 94.7, its highest level in 6 years. Commodity prices keep increasing all around the world, led by energy and agriculture. 

#Commodities
Commodities were up 2% yesterday, up to their highest level in 6 years

1038 days ago

Domino's pizza ramps up hiring; a good sign for business

Domino's Pizza Group said it would hire 5,000 pizza chefs and delivery drivers to bolster its 1,100 UK stores as customer demand continues to soar. This move comes as restaurants begin to re-open and customers storm stores during the summer time. In April, Domino's reported an 18.7% jump in first quarter sales mainly benefiting from the covid lockdown demand for delivered goods. Restaurants across the world are experiencing a staffing shortage, Domino seems to proactively address the issue before demand booms. 

#Commodities

1038 days ago

Retail traders losing faith in Dr. Copper ?

Non-commercial traders diminished their net position in copper from 40% to 15% of open interest. This could signal that speculators don't see copper's price rising further North. However, most analysts expect copper prices to remain in high demand in the coming years riding the EV wave.

#Commodities

1038 days ago

Meatless is the way to go

Sales of meat substitutes keep growing. The leading market is by far the US, followed by the UK and Germany. The market remains rather under-developed in other countries, hinting a rather important business opportunity.

#Commodities #Macro
Meatless is the way to go

1038 days ago

Brent crude oil rises to a three month high

Brent crude futures traded above $70 a barrel today, the highest point since March 8th. This was spurred by OPEC's forecasts that inventories will drop and the current supply surplus will be wiped out by the end of the next month. Demand for oil is boosted by a vaccine-led recovery in major economies. 

#Commodities
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