Commodity Catch-up With Madhavi Mehta | 4th July 2022
Kotak Market Mantra di Kotak Securities
Note sull'episodio
Get an insight into the commodities market for the week with Madhavi Mehta.
- Commodities fell for another week as growth worries were coupled with stronger US dollar, weaker risk sentiment
- Industrial metals continued to be the worst performers; gold slumped below $1800/oz while crude oil witnessed mixed movement
- The US dollar index edged up on safe haven buying and Fed’s tightening stance
- US DJIA index lower for the fourth time in five weeks; Chinese equities ended higher for the fifth consecutive week
- The US 10-year bond yield slipped to over 1-month low as safe haven buying pushed bonds higher
- Fed Chairman Jerome Powell said there is a risk the US central bank's interest rate hikes will slow the economy too much, but the bigger risk is persistent inflation
- ECB President says said it’s unlik ...