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By Ilya Spivak |
June 28, 2012
Commodity prices are following stocks lower in European trade after German unemployment rose more than expected in June. Anxiety about the outcome of the EU leaders’ summit in Brussels likewise seems to be applying downward pressure.
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By Ilya Spivak |
June 27, 2012
Copper is on the upswing, following European shares higher amid hopes that China will introduce additional stimulus measures. Crude oil is flat as traders await official DOE inventory figures.
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By Ilya Spivak |
June 26, 2012
Commodity prices are little changed in early European trade but directional conviction may pick up as Wall Street comes online. All eyes are on the Richmond Fed gauge of manufacturing activity as traders hone in on June survey data.
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By Ilya Spivak |
June 25, 2012
Commodities appear vulnerable after the Bank of International Settlements (BIS) said despite central banks being “cornered” into prolonging monetary stimulus, accommodative policies “have their limits” in its annual report.
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By Ilya Spivak |
June 22, 2012
Commodities are on the upswing on European trade as profit-taking gently lifts risk assets following yesterday’s aggressive selloff, overshadowing headwinds from a disappointing German IFO reading.