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He feels the metals market should start to recover in the second half of this year and gradually improve over the course of the next few years, Daniel Hynes, senior commodity strategist at ANZ Research says
Emkay Global Financial Services has come out with its report on metals sector. The research firm believes, lower than expected Chinese GDP would be a concern for the metals. Sell off in precious metals also would be a concern for industrial metals.
Mecklai Graph of The Day: China's economic growth accelerated for the first time in two years as government efforts to revive demand drove a rebound in industrial output, retail sales and the housing market.
A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.
A fake Libor rate, the scandal involving global benchmark interest rates that has raised the level of distrust in major banks and markets, is nothing compared to the damage that could be done if China's true economic growth figures were revealed, according to Larry McDonald‘s newsletter.
Jun Ma, chief economist at Deutsche Bank tells CNBC-TV 18 that China's export is actually increasing and not declining as people suggest. Check out his comments!
“The thing that has unsettled global markets was China’s announcement that it was going to be revising down its growth forecast,” says Nick Parsons of National Australia Bank .
How would we fare going into trade today? Listen in!
