Macro fears stemming from China
Blog iconorchid
Apr 25
Most commodity prices are trading sharply lower on Monday, April 25 because market participants express growing concerns over the Chinese economy due to a fresh Covid scare. Despite China’s policy easing, Goldman Sach has revised lower its Q2 growth forecast to 2.0% qoq annualized from 5.0%previously.We expect commodity prices to continue to come under pressure in the immediate term as traders adjust to a deteriorating macro picture. But fundamentally, we remain constructive and expect the bu...

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orchid

Commodity strategist.

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