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Global markets have not regained a “risk on” tone, but they are showing signs of looking beyond the turbulent events of the past few weeks.
US economic data continues to be disappointing, Trump and the GOP are trying to do everything at once, and they appear to be putting off tackling fiscal spending and tax reform in favor of wading into the quagmire of health care reform.
A strengthening US dollar and uncertainties in global stock markets have helped to drive some commodity markets lower over the past few weeks, and the possible appearance of a double top in crude oil has many macro-fund traders getting concerned about the outlook ahead.
To hike, or not to hike, that is the question!
Recent talk of fresh easing from the BOJ and BOE seems to have been largely discounted as ineffective, and that has prompted a revival of safe haven interest in gold and US Treasuries.
The weather phenomenon hovering in the Pacific Ocean and wreaking havoc on crops throughout the world is likely to dissipate this spring, according to the U.S. Climate Prediction Center. Bloomberg reports La Niña, which cools weather throughout the globe, will continue influencing temperatures in the U.S. and rainfall through April, according to the arm of… Read more.
A pesky weather system is preparing to wreak havoc on grain production from South America by minimizing nourishment for crops in the form of rainfall, according to published reports. Oil World reports the fourth quarter of this year might see a manifestation of La Niña, which would impact key-growing regions of two nations. Southern Brazil… Read more.
The east coast of the United States may be blanketed in snow, but in corn, wheat and soyabean fields of Argentina, Brazil and Uruguay, the weather is scorching. A prolonged absence of rain is raising fears that harvests in these key agricultural nations will fall short of expectations, putting further pressure on a global commodity… Read more.
The world demand for cooking oils is expected to exceed supplies limited by inclement weather conditions, prompting the commodity to extend its rally, Bloomberg reports. Indonesia and Malaysia, the largest producers of oil-palm, have been afflicted by La Niña, a weather system that has dumped heavy rains on the Far East and caused drought conditions… Read more.