ISRIs Commodity Update
The U.S. aluminum industry has seen an investment of more than $10 billion over the past decade.
Markets got off to a sluggish start this week as the DJ-UBS Commodity Futures Index dipped 1.2% this morning and the major U.S. stock indexes lost ground following earlier losses in Europe and Asia
While equity markets got off to a mixed start this week, commodity prices advanced this morning as the DJ-UBS Commodity Futures Index gained 0.9%
Commodity prices lacked direction for much of the week amid lackluster flash manufacturing PMI's for China and Europe and concerns about when the Fed might scale back its bond buying program
Commodities got off to a lackluster start this week following the rally on Friday as the DJ-UBS Commodity Futures Index was off 0.3% this morning
Commodities had a bumpy ride this week thanks to a full calendar of economic releases, central bank meetings and China's return to the market following the May Day holiday
After getting off to a choppy start this week as U.S. existing home sales, durable goods orders and flash PM] readings for China and the Euro zone disappointed
Markets were mostly off to a weaker start this morning as a series of lackluster corporate earnings reports and an unexpected monthly dip in U.S. existing home sales reportedly weighed on prices
Commodities got off to a sluggish start this week as manufacturing readings for China and the U.S. came in below most expectations
Commodity and equity markets lacked direction at the start of this holiday-shortened week despite the announced bailout agreement for Cyprus.
Markets were reportedly off to a choppy start this week as the dollar traded in a wider range against a basket of currencies, reflecting in part uncertainty over the election in Italy, potential spending cuts in the U.S., and a preliminary reading showing slower manufacturing growth in China.
For the week beginning Monday, February 11th
Markets were off to a slow start this week as the DJ-UBS Commodity Futures Index dropped by half a percentage point and the major U.S. stock indexes were all in negative territory in early afternoon trading. The Shanghai Futures Exchange is closed for Lunar New Year celebrations and trading volumes at the London Metal Exchange were reportedly light today as base metal prices remain in a holding pattern.