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Fri12152017

Last updateSat, 29 Jul 2017 12am

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Trafigura doubts Commodities Rally will Return

Claude Dauphin, Chief Executive of Trafigura, one of the most reserved, and powerful figures in the commodities trading industry, believed that the “extreme pessimism” of 2012 about commodities prices was likely to dissipate this year as economic growth improved.  He added: “A return to the buoyancy of the commodities markets between 2003 and 2007 is unlikely.”

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Shanghai Composite Index Fall Below 2,000

For the first time since 2009, Shanghai Composite Index fell below 2,000, closed at 1991.17 on 2012-11-27.  It is the lowest level since 2009-01-23.  The index has fallen 9.5% this year, heading for a third-straight annual loss.  The index has dropped 42% till 2012-11-27 since 2009-08-04 when it reached its highest level since the global Financial Crisis.  The MSCI World Index rallied 21% in the same period.

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UK Pension Funds Holding More Bond than Equities

For the first time since the so-called cult of equity in the 1950s UK pension funds are holding more bonds than equities. According to the Pensions Regulator, which collates data on 6,316 defined benefit schemes representing 12m members, said UK funds hold 43.2 per cent in gilts and fixed interest compared with 38.5 per cent in equities. Add a comment

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Fiscal Cliff: Investors Exodus from Stocks

Fear of the "Fiscal Cliff" is causing the biggest exodus from U.S. stocks this year.  According to EPFR Global, US equity stock funds had a net outflow of just over 9 billion in the week ended 2012-11-21, the biggest outflow for a single week this year.  The next biggest outflow was during the week ended 2012-10-25, as fiscal cliff jitters rattled investors ahead of the election. Add a comment

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Hedge Funds Reducing Dollar Short Positions

Hedge funds further reduced their short positions on the dollar last week and speculators are cutting bets the dollar will weaken as investors take risk off the table amid increasing uncertainty over the outcome of the US election and the effect it will have on global stock markets.

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