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JPMorgan banks on Asia for commodity boost

Posted on 30 May 2011

JPMorgan chase plans to expand its physical trading activity in China’s oil market, Indonesia’s coal sector and across Asian metals to cash in on what it sees as a long-term bull market, the head of the bank’s Asian commodities unit said.
Despite a sharp fall in commodities prices in the first-half of May, JPMorgan is bullish on the sector’s future prospects as developing economies consume more raw materials, said Ray Eyles, chief executive of the bank’s Asian commodities business………………………………………Full Article: Source


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