24.06.2013 - Double whammy has commodities on the defensive
In addition to a strengthening US dollar, weakness was seen across most asset classes last week as the recent selling in emerging market bonds, stocks and currencies moved on to developed markets. Commodities got caught up in this weakness with the major indices showing negative returns, especially because of renewed weakness in metals precious as well as industrial. The double dose of weaker than expected manufacturing activity and rising short-term interest rates in China, together with the US Federal Reserve talking for the first time about an early end to quantitative easing, triggered these major corrections...............................................Full Article: Source
Print