Sat, Jul 4, 2015
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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner