For the second time this year, trading has exploded on the nation’s commodity exchanges, pushing prices of everything from zinc to coal to multi-year highs and sending authorities scrambling to deflate the bubble before it bursts, according to Bloomberg. Metals brokers described panic earlier this month as the frenzy spread to markets in London and […]
Category: Markets
The Chicago Stock Exchange disclosed on Monday the investors who are backing its bid to become a bridge between US and Chinese equity markets. The proposed deal to take over a tiny US exchange has drawn outsize interest because nearly 50% of the exchange’s parent would be owned by Chinese investors. President-elect Donald Trump criticized […]
A months-long rally in China’s commodity futures may be coming to an end after the country’s exchanges took steps to crack down on speculative trading, according to the Financial Times. Futures for coal and iron ore that rallied sharply this year have gyrated this week following a dramatic rout on Friday evening after China’s three […]
After shaking up iron ore, steel and coal futures this year, Chinese investors have taken on copper. Bloomberg reports the metal jumped 11% last week, the most since 2011, as President-elect Donald Trump’s pledge to spend as much as $1 trillion on infrastructure boosted the outlook for demand. But the impetus for the surge probably […]
Global commodity markets are being rattled again by a familiar force: China’s army of cash-rich investors, The Wall Street Journal reports. A renewed rush into Chinese commodity futures is encouraging wild swings in prices for products including coal, iron ore and rubber, raising concerns about the return of a speculation frenzy. The price paid for physical iron ore has […]