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1066 days ago

Commodity spot index rise bolsters EM currency index

The Bloomberg Commodity Index has climbed 8.7% last month in its biggest jump since August--investors expect more to come, but fear inflation as a result of this. Emerging Markets currency index nears a record after surging 1.5% in April. Global stocks continued on an up trend after increasing 4.2% last month. This strength in commodities (who've surged 65% this past year) invigorates the debates over rising prices, and complicates the outlook in debt markets. 

#Commodities

1066 days ago

Aramco Q1 profits rose 30% on rising oil prices; dividend payout steadies.

Net income rose to $21.7 billion for the quarter to March 31 from $16.7 billion a year earlier. Analysts had expected a net profit of $19.48 billion, according to the mean estimate from five analysts. Aramco paid a $18.8 billion dividend for the first quarter, remaining in line with the company's $75 billion yearly dividend.

#Commodities

1066 days ago

Bets on improving demand could see oil gains rise above a $64 price a barrel

Oil’s ascent this year forms a key part of a comprehensive advance in raw materials that has also seen gains in metals and crops. Most-active WTI prices surged 7.5% in April following a 22% rally in the first quarter. Brent’s prompt timespread was 42 cents a barrel, compared with 32 cents about a month ago. That’s a bullish pattern, with near-term prices trading above those further out.

#Commodities

1066 days ago

Is Gold waking up?

Gold is currently pushing above the big negative trend channel, something we haven't see for a long time. The 100-day moving average might act as a resistance but given the negative sentiment on gold, a crossing of the 100d MA could act as a catalyst and bring back some hot money on the shiny metal. The continued decrease of real bond yield brings the macro argument to the Gold bulls. Stay tuned... (chart source: The Market Ear, Refinitiv). 

#Commodities
Gold technicals

1067 days ago

Commodities prices rise with corn prices above $7 for the first time in 8 years

Copper, the world’s most important industrial metal, traded above $10,000 for the first time since 2011, while soybeans hit an eight-year high. The S&P GSCI spot index, which tracks price movements for 24 raw materials, is up 24 per cent this year.

#Commodities
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