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The Commodity Report #77

204 Views14 Nov 2022 23:41
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SUMMARY
  • Fundamentally speaking, it was nearly a perfect week for commodities as much major news aligned during the week after China eased some Covid restrictions, raising hopes of a demand recovery in the world’s second-biggest economy.
  • Almost all major commodities traded higher following China’s move to reduce the time that travelers and close contacts of infected people must spend in quarantine, a significant amendment to the Covid Zero policy.
  • China’s loosening of restrictions strengthened a rally that began on Wall Street, with risk assets rising after US inflation slowed.
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  • The Commodity Report #77
    14 Nov 2022
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