Sat, Aug 27, 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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new