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Rout in commodities prices is nearly over, says ANZ

Posted on 10 October 2011

Mark PervanThe rout in commodities prices is nearly over, according to ANZ Bank, which says fear of Western countries’ financial ailments infecting China is overstated. ANZ commodity research head Mark Pervan said metal and energy markets looked to be oversold but big rebounds were unlikely.
“We think prices are close to the bottom and will start to improve as the investment fund focus swings from Western-world concerns to emerging market opportunities,” Mr Pervan said……………………………………….Full Article: Source


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