Investori sa obracajú ku komoditám
Komoditná oblasť bola jednou z najlepšie prosperujúcou oblasťou v poli investovania. Aký bude rok 2008? Zmení sa to?
Sentiment seems to change by the month in these volatile times, and nowhere more so than in the commodity markets.
The cost of commodities touches almost everyone on the planet.
Even with a fair number of economists now pencilling in a US recession this year, copper, zinc, aluminium tin, wheat and, of course, oil seem set on an upward trajectory. Some companies can profit by this.
Commodity boom
Can the same be said for steel and oil? Possibly.
The big miners, BHP Billiton (up 15.3%) and Anglo American (up 21.4%) both regained some of the strength they lost in January. Then the market was fretting about global slowdowns. Now they believe China's growth (and India's and Russia's and Brazil's) will save the world through the bad times.
The chairman of Rio Tinto, Paul Skinner declared last month that the "decoupling" of much of the global economy from the US was working and demand in China would survive the US slowdown.
Chinese inflation has hit all time highs. It may be largely linked to food prices (meat and poultry prices were up 42% over the last twelve months).
However, Claire Innes, Asian economist at Global Insight, points out that steel prices for Chinese companies are expected to rise by around 65% in 2008 "while global oil and other commodity input prices will also remain elevated".
Článok:news.bbc.co.uk/1/hi/business/7276497.stm
08.03.2008
