18.12.2015 - Fed Move Adds to Pressure on Commodities
As global financial markets from equities to bonds rallied on the back of the U.S. decision to raise interest rates, most commodities bucked the trend after the Federal Reserve compounded their long-term woes. Rock-bottom rates had helped stoke the commodities boom as investors hunted for yield and companies tapped cheap money to vastly expand production. Now commodities markets are suffering, with the new rate-cycle adding to a multitude of industry-specific problems—a toxic combination of oversupply and tepid demand growth from a slowing Chinese economy...............................................Full Article: Source
Print