Industrial Commodities

Industrial commodities like copper, zinc, nickel, lead, has been rising over the last few weeks as world GDP is growing handsomely at 4.8/9%. Emerging countries continue to grow over 7% and this is also helping bullish run in these commodities. Speculative hot money is also chasing returns in these commodities and stocks related to them. Crude oil is also on a secular bull run of it's own due to several reasons. As long as world runs on ever increasing greed to acquire more and more wealth and industrial growth, commodity bull run will remain intact.

Japanese Central Bank Keeps Rates Unchanged

Today japanese central bank kept the interest rate unchanged at 0.5%. That's good news from yen carry trade perspective. Yen is trading at 116.27 against the U.S.Dollar and thus fear of dollar falling further against the yen is well contained at the moment. Equities are consolidating across the world after sharp sell off, commodities like copper, alumunium, lead, nickel, zinc, crude oil are also cooling. This is good news from inflation perspective but also raises the concerns about slowing economic growth in the developed world.