Materials Jump on Global Demand Optimism — Materials Roundup
Provided by
Dow Jones
Producers of metals and other raw materials rose sharply as fears about bank stability gave way to optimism about the outlook for global demand.
"We continue to expect commodities prices to trend higher in 2023 and beyond, buoyed by China's recovery, persistent production challenges, low inventories, and ongoing weather risks," said Mark Haefele, chief investment officer at money manager UBS Global Wealth Management.
Gold futures slipped to $1984.50 an ounce, as the subsidence of bank fears reduced safe-haven demand and the $2,000 level proved a significant psychological barrier.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 29, 2023 16:54 ET (20:54 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
Will Earnings From These 10 AI Stocks Live Up to the Hype?
-
What’s Happening In the Markets This Week
-
What the Next Bitcoin Halving Means for ETF Investors
-
Going Into Earnings, Is Microsoft a Buy, a Sell, or Fairly Valued?
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth