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Fund flows are a lagging indicator; was this impact seen in December? The S&P 500 is seeing a decent earnings season and relief over the fiscal cliff and debt ceiling delays, giving investors places to cover shorts and buy inexpensive mega-cap valuations?
Fears of a deepening slowdown in China and uncertainty surrounding Spain’s formal request for a sovereign debt bailout has sent copper prices to their lowest level in nearly a month and half.
Euro zone headlines and fear of Greece’s exit has meant industrial metals have nearly wiped out 2012 gains after copper and the euro hit a four month low yesterday.
Bummed out by recent returns on your BRIC investments? T. Rowe Price, the sixth-largest U.S. mutual fund manager, suggests you look at frontier markets instead.
With Chinese manufacturing activity expanding at its fastest rate in a year and a political transition on the way, commodity stocks may be due a lift. That’s our topic on today’s Trading the Globe.
Shares of copper stocks have fallen precipitously over the last 12-months along with the red metal’s price and the slowdown in China.
All asset classes have been moving together in unusually high correlations since August, but traders can still beat the market if they pick the right names and avoid the laggards. We talk about why this is especially true in emerging markets today on Trading the Globe.
China’s largest molybdenum producer, China Molybdenum, has stated its interest in a Shanghai IPO later this year. The company is looking to raise around 3.65 billion yuan ($579 million) in order to increase their productive capacity and to better “promote its molybdenum and tungsten products,” according to the Wall Street Journal.
