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(Bloomberg Opinion) -- Copper has erased losses racked up in the early months of the coronavirus outbreak. China’s economic uptick, set to be confirmed by second-quarter figures this week, is encouraging an optimistic view of demand. Latin American supply constraints may be a bigger factor in propelling the price higher, though, with pandemic-related closures and the prospect of strikes ahead. Neither threat will ease soon.China, which accounts for roughly half of global copper demand, is certainly doing its bit to encourage bulls. Industrial production rose 4.4% from a year earlier in May and is likely to have accelerated further in June. Gross domestic product will expand 3.4% in the second quarter, Bloomberg Economics forecasts, after contracting in the first three months. Property sales in major cities like Beijing and Shanghai rose above pre-pandemic levels in mid-June. Appetite elsewhere is recovering more slowly — a problem, given almost a third of mainland copper consumption is eventually exported — but China has unquestionably helped the metal’s recovery from...
The 2020 Walcott Truckers Jamboree moved its Super Truck Beauty Contest online this year to reduce the spread of the COVID-19 outbreak. ...
Posted by OFX AUD - Australian Dollar The Australian dollar appeared poised to break back above 0.70 US cents through trade on Monday, following equities higher before a swift reversal in risk demand drove both the AUD and key equity indices lower. An increased appetite for risk helped push the AUD higher … Continue reading "Aussie dollar range bound; beholden to the ebb and flow of risk aversion"The post Aussie dollar range bound; beholden to the ebb and flow of risk aversion appeared first on ....
A lot of people in the stock market want Nikola Corporation (NKLA) to be the next Tesla. Unfortunately, the company filed a prospectus allowing shareholders to dump a large amount of shares that will cause an overhang on the stock. Nikola has yet to generate revenues from vehicle sales, yet the stock already has a market value of $21 billion, an amount approaching the level of Ford. The company has the innovative promise similar to Tesla in the vehicle space with the goal of building a fleet of hydrogen fuel-cell electric trucks, but the hype extends far beyond reality here and the selling shareholders know this.20% of the SharesThe company only went public on June 4 via a merger with VectoIQ, yet shareholders are already getting ready to leave. You can’t blame them with the stock soaring from below $15 before the deal was announced to above $90 at the high point.A...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]...
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]...
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]...
