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World events prompt buying in commodities markets

Posted on 21 July 2014

Midday Thursday, a Malaysia Airlines flight crashed in Eastern Ukraine, killing all 298 people aboard. Initial fears that the plane had been shot down were supported by intelligence agencies, sparking concerns that the crash could signal a deepening of the conflict between Ukraine and pro-Russian separatists. As global investors processed the news, they sold off stocks and bought commodities that could be in short supply if sanctions or increased military conflict followed the plane crash.
The primary issue on commodities traders’ watch list is whether pro-Russian forces will be implicated in the plane crash, which could lead to a fresh round of Western sanctions against Russia. If trade between Russia and the West suffers, one of the worst-hit markets could be palladium, since Russia mines nearly 40 percent of the world’s supply………………………………………..Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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