Commodities Daily
This report has been deactivated
Commodities had another good session with Brent above USD69/bbl
Fri, Jul 24 2009, 10:40 GMT
by Danske Research Team
Danske Bank A/S | View company's profile
- After a very strong US equity session yesterday, with Dow Jones above the important 9000 level – its highest level since the beginning of the year – commodities had another good session with Brent above USD69/bbl.
- Aluminium continued its recent strength overnight and is this morning trading around USD1785. It is being reported that – despite the large inventory overhang – physical aluminium premiums have risen in most markets due to the fact that much of the inventory is tied up in financing deals which implies that it is not available for delivery.
- Main focus today will be on the IFO indicator and PMI surveys for the Eurozone as well as a speech by an ECB official. The consensus expectation for IFO is for a continued pick-up in both current conditions for June and expectations for July as well as the overall business climate for July. PMI surveys for July are also expected to rise. We expect a modest decline in the University of Michigan consumer confidence for July.
Published on
Fri, Jul 24 2009, 10:43 GMT
Archive
- Commodities higher as risk appetite is on the rise
Published On Wed, Feb 3 2010, 10:48 GMT
- Commodities are generally higher after ISM tops all forecasts
Published On Tue, Feb 2 2010, 11:02 GMT
- Sugar prices retreat somewhat after reaching a 29-year high yesterday
Published On Thu, Jan 28 2010, 12:11 GMT
- Little movement in the commodities complex this morning
Published On Wed, Jan 27 2010, 13:00 GMT
- The setback in risk sentiment continues to weigh on the commodities complex
Published On Tue, Jan 26 2010, 11:01 GMT
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