by Warren Head | Feb 16, 2023 | Commodities, Currency, Economy, Money Market
16.2.23 A generally stronger set of US data has seen interest rates push up and risk asset prices subdued, notes BNZ Markets. US bond yields are generally higher, led by the longer end, while equities are marginally lower and the US dollar stronger. Commodity prices...
by Warren Head | Feb 13, 2023 | Commodities, Currency, Economy, Money Market
13.2.23 The sell-off in the global bond market extended on Friday, with US Treasuries up 4-8bps across the curve. For currencies, CAD outperformed following a boomer employment report, JPY was volatile after reports of a surprise new appointment for the new Governor...
by Warren Head | Feb 7, 2023 | Commodities
7.2.23 The ANZ World Commodity Price Index eased 1.0% in the first month of 2023. In local currency terms the index dropped 1.2%. “Movements were mixed in January. Meat, forestry and aluminium prices lifted, while dairy and horticulture prices eased”, said ANZ Bank’s...
by Warren Head | Jan 16, 2023 | Commodities
Global oil prices climbed 1.5-2.0% on Friday along with other key commodities. Increases in Chinese mobility indicators suggested higher demand for oil, reports CommSec. “And a weaker dollar improved buying power of European and Asian buyers. The Brent crude oil price...
by Warren Head | Jan 11, 2023 | Commodities, Featured, Latest News
Aluminium prices prop commodity trade. Photo - NZAS smelter at Tiwai Pt, Bluff. 11.1.23 “The ANZ World Commodity Price Index fell just 0.1% in December, as higher aluminium and dairy prices helped offset weaker returns for meat,” notes ANZ .In local currency terms the...
by Warren Head | Jan 11, 2023 | Commodities
Global oil prices climbed on Tuesday as the US government forecast record global petroleum consumption next year CommSec also notes that the US dollar hovered near seven-month lows. Global consumption of liquid fuels is forecast to reach 102.2 million barrels per day...
