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Commodities Briefing - Categorized | Index, Market Moves more

Commodity markets take good news in its stride

Posted on 30 September 2013

What does China’s factory sector growing at its strongest pace in six months have in common with the US Federal Reserve’s decision to keep buying bonds? Both failed to boost commodity prices much.
The flash HSBC Purchasing Managers’ Index (PMI) rose to 51.2 in September from August’s 50.1, the highest level since March and strengthening the view that economic growth in the world’s largest commodity consumer is regaining momentum. The improvement came days after the Fed surprised market watchers by keeping its bond purchases at $85 billion (Dh312 billion) a month, judging that it is still too early to taper monetary stimulus, given the nascent economic recovery in the US………………………………………..Full Article: Source


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