Commodity Market Analysis and Outlook- Metals and Energy- 29th Aug - 2 Sep 2022

- Commodities ended mixed as firmness in the U.S. dollar countered China stimulus measures and supply concerns.

- The U.S. dollar index tested 5-week on hawkish comments from Fed officials.

- Fed Chairman Powell said that the U.S. economy needs tight policy for some time before inflation is under control.

- U.S. 1-year inflation expectations fell to an 8-month low of 4.8% from 5.2% in July.

- Russian gas flows on the Nord Stream 1 pipeline will be suspended for the 3-day period from Aug 31st to Sep 2nd.

- British energy regulator Ofgem lifts gas, electricity price cap by 80% to 3,549 pounds.

- China stepped up its economic stimulus with a further 1 trillion yuan ($146 billion) of measures to bolster growth.

- Key events  ...