Mon, Aug 10, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Fund Profile, Index more

Funds Look For a Bottom In Commodity Prices: Scotiabank

Posted on 30 March 2016

Scotiabank’s Commodity Price Index edged down in February by -0.3% m/m (-25.0% yr/yr) — the fourth consecutive monthly decline — but is expected to rally significantly in March. Commodity prices have rebounded across a broad front since mid-February amid some easing in concern over the outlook for China’s economy and a weaker U.S. dollar.
“Equally important, hedge & investment funds appear to be looking for reasons to bid commodity prices higher, after the rout of recent years. The Scotiabank Commodity Price Index is currently at a more than a decade low,” said Patricia Mohr, Vice President of Economics and Commodity Market Specialist at Scotiabank………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
August 2020
S M T W T F S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031