Weekly Fundamentals – Macroeconomic Events Continue Direct to Commodity Movements
While great volatility remained, commodities appeared to have stabilized modestly during the week. After extending the previous week’s selloff on Monday, most commodities rebounded sharply on hopes that European leaders were about to deliver crucial measures to contain the sovereign debt crisis. On the macro-front, only second-tier data were released and many of them surprised to the upside. This also helped sustain the rebound in the near-term.
Posted in Commodities