Market Pulse - Commodities
Apple expected to up iPhone production by 30% in first half of 2021
Apple announced that it expects to manufacture 30% more iPhones in the first half of 2021 than during the same period of the year before.
Barclays says investors wrong to fret about shareholder returns at BP
Analysts at Barclays upped their target price for shares of oil major BP, telling clients that the capital outlays needed to transition towards renewable energies would not come at the cost of its near-term shareholder returns.
JP Morgan hikes targets for iron ore miners, says shares haven't kept up with Chinese demand
Analysts at JP Morgan hiked their target prices for several of the world's largest iron ore miners due to the confluence of strong demand and an unexpected supply shock which also saw them raise their price projections for iron ore.
Bitcoin may pose multi-year headwind for gold, JP Morgan says
Gold may be in for a bumpy ride over the medium to long-term if institutional investors continue to shift away from the yellow metal and towards Bitcoin, a JP Morgan strategist argued.
BofA backs Centamin with 'buy' rating
Bank of America has upgraded Centamin to ‘buy’ after new chief executive Martin Horgan outlined his three-year outlook for the gold miner.
Sector movers: Oil&Gas stocks and Banks pace gains
Commodity and financial stocks were again at the top of the leaderboard in the middle of the week, helped by ongoing optimism around the macroeconomic outlook for 2021.
Wednesday preview: US ADP payrolls report in focus
The market spotlight will shift towards the other side of the Pacific on Wednesday, as consultancy ADP publishes its private sector payrolls survey for November.
Shell faces Dutch court pollution case brought forward by environmentalists
Royal Dutch Shell to face a Dutch court on Tuesday on a case brought forward by environmentalists demanding a reduction in oil companies' involvement with fossil fuels.