South africa november mining disappoints usdzar trades sideways


Furthermore, investors will likely remain weary given the recent news of a week-long strike at Northam Platinum. Platinum price is a widely followed commodity price around the world. Platinum is a rare precious metal used in jewelry, electronics, and scientific equipment. Platinum prices are highly volatile, even more so than gold.

As platinum supplies remain low and demand high, platinum prices will likely remain volatile. Growth in EM remains generally weak and China faces formidable challenges. Yet we view these as manageable and expect a continuing gradual adjustment, rather than an EM crisis. We believe cheaper valuations, lighter positioning, higher EM policy rates and ongoing external adjustments argue against treating EM assets as a clear short. While far from calling for any broad-based recovery in EM assets, we do see a number of opportunities for tactical long and short positions to take advantage of the varying economic and political prospects in EM countries.

Trade summar y.23. But we expect growth in north Asia to re-accelerate in Q2, and attention to refocus on shrinking output.




Trades november south sideways disappoints mining usdzar africa

South africa november mining disappoints usdzar trades sideways