You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

6 May 2017 (AFR) – Commodities collapse and Chinese credit: the driver of global reflation is now moving sharply in reverse

(6 May 2017 AFR, p23, by Patrick Commins)

China PMI and metal prices‘Plunging commodity prices should remind investors that our future economic pain or prosperity will be made in China.

‘This week the recent rapid fall in the iron ore price went up another gear. Chinese futures prices shed close to 10 per cent over three days leading into Friday. It would have been worse but for official limits on how far prices can move in a single session.

‘In London on Wednesday, copper had its worst day of trading since 2015. Commodity price indices have hit their lowest since this time last year. The S&P/ASX 300 metals and mining index (ASX:XMM) is back at November levels – unwinding all the post US-election gains.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)XMM-index-201611-201705

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: