Commodity Catch-up with Madhavi Mehta | 25th July 2022
Kotak Market Mantra di Kotak Securities
Note sull'episodio
Highlights of this week's Commodity Podcast:
- Commodities end 5-week losing streak as the US dollar succumbs to profit taking.
- Gold recovers from March 2021 lows to end higher.
- Industrial metals end higher led by nickel; crude ends little changed.
- The US dollar index ended lower marking its first decline in four weeks; disappointing US data and reduced safe haven buying weighed on the US dollar.
- US DJIA index ended higher for the second time in three weeks; Chinese markets recovered after two weeks of losses.
- ECB raised interest rate by 0.5% to bring inflation under control; Bank of Japan reaffirms support for accommodative policy.
- US services PMI fell to 47 in July reflecting contraction in the sector.
- ADB cut GDP growth forecast for developing Asia from 5.2% to 4.6%.
- WHO dec ...