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Commodity slide seen boon for resource-hungry firms’ shares

Posted on 07 June 2013

European share prices have yet to reflect fully the impact of cheaper commodities, with analysts forecasting some stocks could rise as much as 50 percent in coming months. Oil, metals and electricity - representing between 20 and 45 percent of input costs of many companies in the industrials, chemicals and construction sectors - have fallen sharply this year and, when the moves are priced in, could lift these stocks in the second half of the year, some say.
“Equity analysts are waiting to see if the bear trend (falling prices) will stick before reviewing their profit forecasts, but it’s clearly not a temporary dip,” Diamant Bleu Gestion fund manager Christian Jimenez said……………………………………Full Article: Source


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