Market Pulse - Commodities
Summer bear rally bandwagon on the move on 'peak inflation' talk, BoA says
It's off to the races with a summer bear market rally bandwagon growing, one of Wall Street's top-rated strategy teams said.
JP Morgan upbeat on outlook for oil field services and exploration outfits
Analysts at JP Morgan sounded an upbeat note for European Union oil field services as well as oil and exploration names.
Chinese economy slows sharply in April as Covid-19 restrictions bite
China's economy slowed much more sharply than anticipated last month as Covid-19 mobility restrictions hampered growth, piling the pressure on policymakers in Beijing - right up to the top according to some accounts.
BoA sees some 'good news' for those expecting a 'bear bounce' over next few weeks
Strategists at Bank of America saw signs of "good news" amid the carnage in crypto and in speculative technology for those investors holding out for a "bear bounce" during the following weeks.
Sector movers: US inflation data, rate hike talk trigger dollar strength and falls in miners and financial stocks
Drops in commodity stocks dragged the FTSE 350 lower and saw the top-flight index underperform as another wave of risk aversion swept over financial markets triggered by a mixed reading on producer prices Stateside.
Mondi reports bumper Q1 operating earnings, set to divest Russian ops
Mondi reported a bumper first quarter with good demand across its business lines and higher average selling prices offsetting continued cost pressures.
US foreign trade deficit soars in March
America's shortfall on trade with the rest of the world ballooned at the end of the first quarter amid a surge in purchases from overseas.