Energy markets showed vulnerability to China's data on Monday

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Source: Dukascopy Bank
Energy commodities fell on Monday amid signs of stagnation of China's and Italy's economies. Even high energy commodity imports did not managed to offset worries over record high trade deficit in China and capped any upswing of the group. Moreover, eased geopolitical tensions removed risk premium for Brent and crude oil thus pushing the prices down. Meanwhile, natural gas touched 10-year low as market sentiment remained bearish because of mild weather forecasts and elevated inventory levels in the US. Traders are pessimistic as next Fed meeting appear not to announce the next round of easing in the US.


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Tue, 13 Mar 2012 17:11:13 GMT

Agricultural commodities mixed after USDA report

Rural commodities except for coffee were higher on Monday amid broadly weaker US Dollar and improved investors' appetite for agricultural commodities after weather setbacks. Grains gained support as speculation on strong China demand persist. Moreover, USDA report indicated lower estimates for this season crops. However, dry and warm weather may create favorable harvest conditions in the US hence the crops

Tue, 13 Mar 2012 16:58:40 GMT

Base metals tumbled after pessimistic data from China and the US

Base metals apart from zinc tumbled on Monday along with pessimistic trade balance data from China and widening federal budget deficit in the US. The sluggish economic performance of China dampened traders' confidence in growth-sensitive assets. On the other hand, higher commodity imports in China, especially copper inflow, were supportive for the base metals pack. Copper was the top loser

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