Mon, Mar 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Diapason reviews opportunities and drivers in the commodity markets

Tuesday, March 05, 2013

Beverly Chandler, Opalesque London: New commentary by Senior Market Strategist Robert Balan from Diapason Commodities Management reveals that the world's biggest economies released their February manufacturing Purchasing Managers Index reports last week. Balan writes: "So far the indications are that global manufacturing is headed towards better times. The PMI manufacturing score is uneven, but if we use the classic interpretation for PMIs, manufacturing on a global scope will continue to improve over the next six month period."

Manufacturing has lagged behind services during the recent global recovery. "So it is of no surprise that global investors continue to underestimate the health of the global economy due to the perceived underperformance of global manufacturing. What is less spoken about is the impressive recovery of service PMIs. Historically, services recover ahead of manufacturing after a deep recession, leading the way by two to four months. We expect the case to be the same again this time. Judging from the recent upsurge in global manufacturing PMI, manufacturing output should pick up strongly in H2 2013. For one thing, manufacturing can glow slowly, but there is no risk of a "stall" -- as some economists have been speculating about the fate of the slow-moving manufacturing sector. Manufacturing activity (like economies) does not collapse if the sector grows slowly -- they just keep on......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner