The commodities lull will pass. It's the swing of things
Sydney
REMEMBER when commodities markets were fun?
Just before Christmas 2008, WTI crude futures soared almost 18 per cent in a day. As recently as last November, the contract was able to climb 9.3 per cent on the back of Opec announcing production cuts. Back in June 2014, soyabeans fell 19 per cent in one session; three months later, sugar prices jumped 14 per cent.
Those times, at least for the moment, are past. The 90-day volatility of the Bloomberg Commodity Index touched its lowest level since November 2014 this month, driven by…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Latest Singapore 6-month T-bill offering cut-off yield of 3.74%
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Nissan, Mazda roll out new models for China as they aim for comeback
South Korea readies new system to detect illegal short-selling
Axiata, Sinar Mas move closer to US$3.5 billion telco merger
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials