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Commodities Briefing - Categorized | Commentaries, Market Moves more

Three golden conditions to kick start commodities, again

Posted on 24 October 2011

Three conditions need to be met for commodities to make a sustained recovery from their recent losses: markets need to be convinced that the soft patch for US growth in Q2 was temporary and growth is picking up again; China successfully engineers a soft landing and avoids a steep contraction in growth; and most important of all, that Europe has a credible plan to deal with its sovereign debt and banking stability issues to avoid contagion to other parts of the global economy; said Barclays, in a report.
Increasingly, the incoming data flow suggests the first two conditions are falling into place. In the US, housing starts and home builder sentiment improved sharply in September, and the construction sector is no longer a drag on growth………………………………………Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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