Industrial and precious metals remain on the defensive as financial markets continue to adjust to the prospect of higher funding costs and a more restrictive US monetary policy outlook. The latest wave of selling has been amplified by a sharp correction across technology stocks, with
Metals
Forex: The Middle East conflict continued to underpin the dollar, albeit at a slower pace in the latest reporting week to last Tuesday, 24 March. While positioning flows turned more mixed and less one-sided, the gross dollar long versus eight IMM futures still rose to USD 7.53 billion, the highest level since early December. […]
U.S. Markets In yesterday’s session, the S&P 500 and Nasdaq indices increased by nearly 1%, driven by optimism ahead of Nvidia’s earnings, which make up 8% of the S&P 500. The rise was mainly fueled by the technology sector. NVIDIA’s earnings, which serve as a benchmark of the AI trade, were reported yesterday. Their fourth-quarter […]
US Markets The SPX index slipped 1.2% yesterday amid tech, AI, and broader selling that hit markets. This marked the third consecutive day of decline for the index. The indications are clear that AI spending will be rewarded by the markets only if its monetisation pipeline has started bearing fruits, beats expectations and generates strong […]
US Markets The SPX index slid 0.5% yesterday amid selling pressure that rattled tech and AI companies. It is trading 0.48% lower at around $6,872 in today’s session. The software-sector jitters that affected markets yesterday are turning into a broader AI slump. Nasdaq fell 1.7%, marking two consecutive days of decline. Google reported an 18% […]
The commodity market is heading for its first gain in three, with the Bloomberg Commodity Index (BCOM) on track for a modest weekly gain of less than 1%. This advance has been carried by strong performances across the agriculture sector, and a rebound across the energy sector excluding natural gas, all of which have helped […]
Macro overview August has so far been shaped by a tug-of-war between supportive supply-side stories in parts of the commodity market and macro headwinds from weakening economic data in the US and around the world. The latest US inflation data, in the form of a hotter-than-expected July PPI, forced markets to recalibrate their Fed expectations. […]
President Trump continues to wield considerable influence over global markets, including commodities. In July, attention centered on intense trade negotiations ahead of the self-imposed August 1 deadline. While a framework deal was reached between the U.S. and EU, and talks with China continued ahead of the mid-August expiry of a 90-day tariff truce, other U.S. […]
Forex In the latest reporting week to 3 June, the period saw the USD trade broadly weaker. Speculators nevertheless responded by reducing their overall short USD position versus the eight IMM FX futures contracts by 8%, to USD 12.2 billion. At the individual currency level, buying of EUR and MXN was more than offset by […]
The combination of increased power demand for cooling and data centres, as well as the transition to cleaner energy sources and the push to mitigate climate change, will reshape commodity markets in the coming years. Governments and corporations around the world are currently investing heavily in renewable energy infrastructure, electric vehicles, and energy-efficient
A strong start to the year has seen one of the leading commodities indices reach a 26-month high, potentially signalling a breakout of a two-year horizontal range that emerged following the 2020–2022 pandemic- and Ukraine war-led surge and subsequent correction. Overall, the Bloomberg Commodity Total Return Index (BCOMTR) trades up 5.9% so far this year […]
Sovereign Metals, one of the leading precious metal refineries in India, has successfully digitalized its vendor onboarding process with Effiya’s onboarding and AML solution. This digital transformation is part of Sovereign Metals’ broader strategy to modernize its operations and improve overall productivity As part of this journey, Effiya has revolutionized
Lifezone Metals Limited (NYSE: LZM) will release its operational update and unaudited financial summary for the first quarter of 2024 before market open on Monday, May 13, 2024. The company invites shareholders, investors, and members of the media to join the executive team for a virtual presentation and discussion of the Q1 summary and outlook. The presentation















