| As National Australia Bank points out, movements in non-rural commodity prices have been mixed in recent months. This largely reflects mixed signals with respect to the global economic growth outlook. As examples, the bank's non-rural commodities analyst Ben Westmore notes US construction activity has been very weak in recent months, while Chinese GDP in the June quarter surprised to the upside.
European sovereign debt issues have also impacted on both financial and commodity markets given the potential for further global growth implications, while a weaker US dollar has strengthened demand for commodities denominated in US dollars by foreign buyers..............................................Full Article: Source
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