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China’s stimulus package: Energy and metal prices pare gains

Posted on 11 November 2008

From FT: Commodity markets managed only a brief rally even after China’s government announced a $586bn economic stimulus package. Traders said the size of the package, equal to 16 per cent of China’s gross domestic product, underlined growing nervousness in Beijing at the country’s economic slowdown.

The spending programme is aimed at a wide range of infrastructure projects but the boost to commodity markets proved short-lived, as energy and metals prices pared their gains later in Monday’s session….. Full Article: Source


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


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