1072 days ago
Starbucks has said that global same store sales grew 15% YoY. It now sees annual earnings of $2.65 to $2.75 a share, up from $2.42 to $2.62 previously. Starbucks and Nestle now work hand in hand to produce capsules for the Swiss company's coffee brewing home machines. Nestle also saw its best quarterly sales growth in almost a decade.
1072 days ago
From Asia to North America, steel prices are marching higher as most industrials are now bullish on the economic recovery. The global rebound led the way to a range of buying that can simply not be matched by production. The worldwide steel demand will grow 5.8% this year to exceed pre-covid levels. The iron or now reached $193 a ton, only $1 away from their peak.
1072 days ago
Oil prices keep climbing as OPEC+ confirmed it would keep adding barrels to the market, bullish on the economic recovery to come. Futures in NY traded at $63 a barrel, their highest price in 2 weeks. The demand for oil is expected to experience the biggest jump as vaccination progresses in Europe and life gets back to normal.
1073 days ago
Since the beginning of 2018, palladium is up 171%, silver 74% and gold 63%. Will the two laggards catch up with palladium if it keeps climbing?
1073 days ago
''Copper extended gains to its highest levels in a decade as global growth underpinned a rally in metals markets ranging from aluminum to iron ore. Commodities are advancing toward the highs of the last supercycle, when prices spiked in the early 2000s with a jump in Chinese orders. With copper demand set to soar once more, there are mounting concerns that producers will struggle to plug the gap as they battle a host of technical and regulatory pressures. In top producer Chile, a group of port workers this week began protests against the government’s pandemic relief policies, threatening near-term supplies.''
