Fleursdumal
फूल की बुराई
i bonds hanno reagito bene al dato, quindi è uscito secondo le attese più o meno, niente di sconvolgente
Derivati USA: CME-CBOT-NYMEX-ICE Tbond,Tnote,Bund&CO-giu/lug2006: fuga dai Bonds (vm18)
- Creatore Discussione f4f
- Data di Inizio
gipa69
collegio dei patafisici
f4f
翠鸟科
gipa69 ha scritto:
bellissimo articolo
Grazie Gipa
e gooooooooooooood morning bbbanda
gipa69
collegio dei patafisici
Buongiorno a tutti 
COMMODITIES-UPDATE 2-Investors spurn commodities, fear slowdown
(Updates prices to midday)
By Nick Trevethan
LONDON, June 13 (Reuters) - Base and precious metals fell sharply on Tuesday as investors spooked by fears of higher interest rates and inflation fled from risky commodities, analysts said. Oil also slipped, though it got some support from the start of the Atlantic hurricane season, but precious metal palladium fell over 10 percent while zinc was off 6 percent. Mining equities also suffered.
"The message is still 'commodities are the place to be', but not at the prices we have recently seen," ABN AMRO analyst Nick Moore said.
Fears that rising inflation could lead to higher interest rates and a slowdown in economic growth fuelled the decline in base metals.
In a speech in Edinburgh late on Monday, Bank of England Governor Mervyn King said turmoil in financial markets over the last month had highlighted the uncertainty in the world economy.
"After a period of robust world economic growth, we approach a somewhat bumpier stretch of the road. A rebalancing of global demand is desirable, but the way ahead may not be smooth," he said.
"One risk is that during the fastest three-year period of world economic growth for a generation, monetary policy around the world may simply have been too accommodative."
TORPEDOES LAUNCHED
Equities fell, with mining companies making up 4 of the 10 biggest losers on London's FTSE 100 index <.FTSE>
Kazakhmys (KAZ.L: Quote, Profile, Research), Antofagasta (ANTO.L: Quote, Profile, Research) and Anglo American (AAL.L: Quote, Profile, Research) all shed between 7.6 and 5.8 percent.
ABN AMRO's Moore said metal producers were expanding output at a time of increasing economic uncertainty.
"The producers have launched their torpedoes and they cannot be recalled. The problem is that if monetary policy tightens, we face the twin pincers of rising supply and falling demand as global growth slows."
"All this means a recipe for disaster with twice the usual ingredients."
At midday, copper for delivery in three months on the London Metal Exchange <MCU3> was at $6,780 per tonne, down from $7,020 at the close on Monday. It fell to as low as $6,750 in electronic dealing, the lowest since April 24.
Gold <XAU=> dropped below $600 an ounce for the first time since April and was quoted at $588.10/588.80 an ounce; silver <XAG=> lost six percent to fall to a 12-week low.
Gold hit a 26-year peak of $730 on May 12, but has suffered a steep correction over the last few weeks, while copper has shed over 20 percent from its May 10 high of $8,800.
Oil drifted lower to just under $70 a barrel on Tuesday as expectations that the season's first Atlantic storm should steer well clear of any U.S. energy installations.
U.S. light sweet crude for July <CLc1> slipped 82 cents to $69.54.
Despite recent weakness in commodities, industry officials and the International Monetary Fund (IMF) did not expect massive declines in metals and energy prices.
Anglo-Australian miner Rio Tinto (RIO.L: Quote, Profile, Research)(RIO.AX: Quote, Profile, Research) Chief Executive Leigh Clifford said slower-than-expected metals supply as well as economic growth in key markets pointed to rising metals consumption.
"(A correction is) what appears to be occurring. Some commodities are in extremely short supply and iron ore is one of those," Clifford said on the sidelines of an awards ceremony.
The IMF did not expect a dramatic correction in world commodity markets, the body's managing director, Rodrigo Rato, said, adding the world growth outlook remained expansionary.
(Additional reporting by Richard Dobson in Taipei
COMMODITIES-UPDATE 2-Investors spurn commodities, fear slowdown
(Updates prices to midday)
By Nick Trevethan
LONDON, June 13 (Reuters) - Base and precious metals fell sharply on Tuesday as investors spooked by fears of higher interest rates and inflation fled from risky commodities, analysts said. Oil also slipped, though it got some support from the start of the Atlantic hurricane season, but precious metal palladium fell over 10 percent while zinc was off 6 percent. Mining equities also suffered.
"The message is still 'commodities are the place to be', but not at the prices we have recently seen," ABN AMRO analyst Nick Moore said.
Fears that rising inflation could lead to higher interest rates and a slowdown in economic growth fuelled the decline in base metals.
In a speech in Edinburgh late on Monday, Bank of England Governor Mervyn King said turmoil in financial markets over the last month had highlighted the uncertainty in the world economy.
"After a period of robust world economic growth, we approach a somewhat bumpier stretch of the road. A rebalancing of global demand is desirable, but the way ahead may not be smooth," he said.
"One risk is that during the fastest three-year period of world economic growth for a generation, monetary policy around the world may simply have been too accommodative."
TORPEDOES LAUNCHED
Equities fell, with mining companies making up 4 of the 10 biggest losers on London's FTSE 100 index <.FTSE>
Kazakhmys (KAZ.L: Quote, Profile, Research), Antofagasta (ANTO.L: Quote, Profile, Research) and Anglo American (AAL.L: Quote, Profile, Research) all shed between 7.6 and 5.8 percent.
ABN AMRO's Moore said metal producers were expanding output at a time of increasing economic uncertainty.
"The producers have launched their torpedoes and they cannot be recalled. The problem is that if monetary policy tightens, we face the twin pincers of rising supply and falling demand as global growth slows."
"All this means a recipe for disaster with twice the usual ingredients."
At midday, copper for delivery in three months on the London Metal Exchange <MCU3> was at $6,780 per tonne, down from $7,020 at the close on Monday. It fell to as low as $6,750 in electronic dealing, the lowest since April 24.
Gold <XAU=> dropped below $600 an ounce for the first time since April and was quoted at $588.10/588.80 an ounce; silver <XAG=> lost six percent to fall to a 12-week low.
Gold hit a 26-year peak of $730 on May 12, but has suffered a steep correction over the last few weeks, while copper has shed over 20 percent from its May 10 high of $8,800.
Oil drifted lower to just under $70 a barrel on Tuesday as expectations that the season's first Atlantic storm should steer well clear of any U.S. energy installations.
U.S. light sweet crude for July <CLc1> slipped 82 cents to $69.54.
Despite recent weakness in commodities, industry officials and the International Monetary Fund (IMF) did not expect massive declines in metals and energy prices.
Anglo-Australian miner Rio Tinto (RIO.L: Quote, Profile, Research)(RIO.AX: Quote, Profile, Research) Chief Executive Leigh Clifford said slower-than-expected metals supply as well as economic growth in key markets pointed to rising metals consumption.
"(A correction is) what appears to be occurring. Some commodities are in extremely short supply and iron ore is one of those," Clifford said on the sidelines of an awards ceremony.
The IMF did not expect a dramatic correction in world commodity markets, the body's managing director, Rodrigo Rato, said, adding the world growth outlook remained expansionary.
(Additional reporting by Richard Dobson in Taipei
Similar threads
