| Commodities were slightly lower in November as macroeconomic sentiment continued to favor broad-based risk reduction and a stronger US Dollar for the majority of the month.
Nelson Louie, Global Head of Commodities in Credit Suisse's Asset Management division, said, "The end of November featured an improvement in the macroeconomic landscape amid shifts in central bank policy and some improved economic readings. While macroeconomic concerns are likely to continue to operate as headwinds, fundamentals remain strong for many key commodities. For example, petroleum markets remain very tight, with resilient demand and the potential for significant supply disruptions, while the Agriculture sector also remains vulnerable to supply shocks. Industrial Metals may rebound if extreme macroeconomic risk subsides." (Press Release) |