Metals Daily (24-May-2021): Sell-off in Bitcoin embellishing gold’s role as a safe-haven
Source: Trading Economics A concise summary of what’s moving markets, the impact on base, precious and ferrous markets, including Theme of the Day. What’s moving markets? Global equities end last week lower in volatile trading marked by the Fed signalling it would discuss winding down its crisis-era support. The Fed published minutes of its latest […]
The Weekly W(rap): 21-May-2021: A sea of red for most markets
Highlights of the Week As of 21 May, about 165.6mn Covid-19 cases have been confirmed worldwide, and the death toll has surpassed 3.43mn, according to Johns Hopkins University data. Covid-19 cases are falling sharply in Europe and the US, while there are tentative signs infections are peaking in India. Vaccinations continue to accelerate in Europe; […]
Metals Daily (21-May-2021): Tax hikes to imperil new mine investment
Source: World Bank A concise summary of what’s moving markets, the impact on base, precious and ferrous markets, including Theme of the Day. What’s moving markets? Global equities bounced into the green yesterday to halt a three-day losing streak, as risk appetite returned to markets following better-than-expected jobless claims numbers. The number of Americans filing […]
Metals Daily (20-May-2021): Q121 global refined metal markets balances
Source: World Bureau of Metal Statistics (WBMS) A concise summary of what’s moving markets, the impact on base, precious and ferrous markets, including Theme of the Day. What’s moving markets? Minutes from the Fed’s April meeting revealed a more hawkish tone and showed that it might be appropriate at some point to begin discussing a […]
Metals Daily (19-May-2021): Platinum in third consecutive annual deficit in 2021
Source: World Platinum Investment Council A concise summary of what’s moving markets, the impact on base, precious and ferrous markets, including Theme of the Day. What’s moving markets? While US stocks were little changed, European equities headed towards all-time highs yesterday after US central bankers soothed concerns about the Fed withdrawing its pandemic crisis monetary […]
Metals Daily (18-May-2021): Vale rejects talk of iron ore supercycle
Source: SGX, Investing.com A concise summary of what’s moving markets, the impact on base, precious and ferrous markets, including Theme of the Day. What’s moving markets? Theme of the Day: Vale rejects talk of iron ore supercycle
Metals Daily (17-May-2021): China seeks to cool hot commodity markets
Source: World Steel Association A concise summary of what’s moving markets, the impact on base, precious and ferrous markets, including Theme of the Day. What’s moving markets? Global stocks had the worst week last week since February after a choppy period in which a US inflation scare and fears of tighter central bank policy battled […]
The Weekly W(rap): 14-May-2021: The inflation shock!
Highlights of the week As of 14 May, about 161.2mn Covid-19 cases have been confirmed worldwide, and the death toll has surpassed 3.35mn, according to JohnsHopkins University data. Vaccine hesitancy is widespread in Europe, with more than a quarter of EU adults, and half of France, indicating that they are unlikely to accept a Covid-19 […]
Metals Daily (14-May-2021): The inflation shock ripples through markets
Source: Federal Reserve Bank of St. Louis A concise summary of what’s moving markets, the impact on base, precious and ferrous markets, including Theme of the Day. What’s moving markets? Global equities moved into the green ending a 3-day losing streak as investors try to shrug off inflation and interest rate concerns and focus on […]
Metals Daily (13-May-2021): Bulk shipping costs at decade highs due to commodities boom
Source: Baltic Exchange, LME A concise summary of what’s moving markets, the impact on base and precious metals, including Theme of the Day. What’s moving markets? Theme of the Day: Bulk shipping costs at decade highs due to commodities boom