11.11.2015 - Forget China, the US offers commodities upside
Commodity price swings aren't all about China's weaker demand; the U.S. could move the market upwards as its taste for commodities returns, one expert predicts. Upbeat data from the US suggest the possibility of an Federal Reserve interest rate hike soon, which would be a boon for commodities, Invast Australia's director of research, Peter Fay, said. "There are other countries that can come out and add to demand, it's not just China," Fay told CNBC's Squawk Box on Tuesday. The U.S. Bureau of Labor Statistics reported Friday that nonfarm payrolls grew 271,000 for October, a sharp jump from weak August and September numbers................................................Full Article: Source
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