What to watch as commodities rout takes hold
It is a busy week as commodity companies release their results just as investors fret about the fall-out from rising trade tension
It’s getting ugly out there. Commodities are taking a hit as investors fret about the fall-out from the global trade war, with the Group of 20 (G-20) the latest to weigh in with a warning. Against that backdrop, this week is one of the busiest of the quarter as earnings pour in. Big Oil heads the list, with Royal Dutch Shell, Exxon Mobil and Chevron among those reporting. With base metals under pressure and gold offering no haven, watch for outlooks from Freeport-McMoRan, Anglo American, Barrick Gold and Newmont Mining, as well as mining-equipment makers. Rounding out the picture, we will see how crops are doing on both sides of the Atlantic, with a check on conditions in Europe and wheat tours in Canada and North Dakota. Before getting stuck in, it is worth flagging where signals may come from about the next steps in the trade showdown, apart of course from the twittersphere. This week the World Trade Organisation (WTO) general council meets on the US-China standoff; North American...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.