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Commodities Briefing - Categorized | Commodity Crisis, Market Pulse, Price Watch more

Commodity-price surge boosts resource shares

Posted on 23 March 2009

From WSJ: Financial stocks sagged Friday, while a surge in commodity prices overnight boosted resource stocks across the region. With Japanese markets closed for the Vernal Equinox holiday and Dow Jones Industrial Average futures pointing lower, some of the euphoria over the U.S. Federal Reserve’s actions midweek was replaced by caution.

In Hong Kong, the Hang Seng Index declined 2.3% to 12833.51 as financial stocks tracked a drop in Citigroup overnight. Industrial & Commercial Bank of China fell 5.4%, China Construction Bank dropped 5.2% and Bank of Communications shed 5.4%…..Full Article: Source


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VRS - who has written 41272 posts on Opalesque Commodities Briefing.


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