(Bloomberg) -- China’s largest stimulus package in years has given commodities a shot in the arm. The reopening of mainland markets on Tuesday will provide a...
-- China ’s largest stimulus package in years has given commodities a shot in the arm. The reopening of mainland markets on Tuesday will provide a sense of whether the rally has room to run.For a Master of Brutalist Provocations, a Modest Museum Appraisal
“Commodities have benefited from the support measures that continue to come through,” said Warren Patterson, head of commodities strategy at ING Groep NV. However, “we need to see property prices stabilize and we also need to see excess housing inventory return to more normal levels, before getting really optimistic.”
Iron ore has been the standout, surging by more than a quarter since Sept. 23, with industrial metals like copper and aluminum also doing well. The share prices of global mining majors — including BHP Group Ltd. and Rio Tinto Plc — have been caught up in the optimism.
China has the option of boosting stimulus by raising its fiscal deficit ratio to the highest ever, according to a top economist, a move he said would reflect the government’s commitment to this year’s growth target of around 5%. Churchwell Insurance Agency to Speak on D&O Insurance Trends at Centurion One Capital's 2nd Annual Bahamas Summit
China Housing Market Stimulus Package Commodities Beijing Support Measures Iron Ore Saad Rahim Bloomberg TV
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