Commodities Overview

Commodities Weekly Wrap

4 January, 2019

A shaky start to the new year

Commodity prices have been volatile this week, driven more by macroeconomic and financial market developments than by commodity-specific fundamentals. Mounting concerns about the outlook for global growth, the recent slide in equity prices and falling US yields pose major headwinds. However, there was some reprieve on Friday as the Chinese authorities loosened policy (through a 100bp cut to the required reserve ratio) and the US December employment report was particularly strong, suggesting tha

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