Mon, Sep 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Commodities maintain bull run on ECB stimulus

Thursday, September 20, 2012

amb
Mario Draghi
From Komfie Manalo, Opalesque Asia:

The commodity markets maintained their bull run in August on the announcement by the European Central Bank (ECB) that it would intervene in the secondary market for Spanish and Italian government bonds, Tiberius Asset Management, a Swiss commodity fund manager, says in its latest market commentary.

Data collected by Tiberius showed that the Dow Jones UBS index gained +1.3%, while those indices with a higher weighting in energies, such as the S & P Goldman Sachs Commodity Index and the Rogers International Commodity Index, were able to advance by as much as 6.4% and 4.8%, respectively during last month.

The report said, "The rally in industrial commodities was in line with the bull trend on global equity markets, whereby stock markets in Europe, which had been hard-hit by the euro crisis, were particularly buoyant in August. Thus, the Spanish IBEX and Italian MIBTEL stock-market indices were able to rally by more than 30% from the troughs they had hit in early August. The gains on the Asian equity markets, on the other hand, were relatively subdued. Japan's Nikkei 255, for example, rose by just over 2%."

The commodities market has been performing positively for the past few months. In July, commodity hedge funds gained positive results despite weaker macroeconomic prospects and were buoyed by the worst drought in the U.S. in......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  2. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  3. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L

  4. Hedge funds saw four consecutive months of outflows in August, but assets still up by $17.6bn YTD[more]

    Komfie Manalo, Opalesque Asia: Hedge funds witnessed four consecutive months of outflows with investor redemptions totaling $23.8bn as of end of August, data provider Eurekahedge said in its monthly report. But total hedge fund assets grew by

  5. Trend reversals lead to losses as managed futures drops 1.52% in August[more]

    Komfie Manalo, Opalesque Asia: Trend reversals in August have led managed futures traders to lose 1.52% last month according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.62% year to dat