FTSE 100 Bullish on Palladium4 May 2021 08:15
FTSE 100 set to make flat start to the week despite talk of commodities supercycle
The FTSE 100 was set to make a quiet start to the four-day week today even as talk of a “supercycle” in commodities markets got louder.
An increasing number of analysts have cited perfect storm factors including a looming surge in the Chinese economy, governments spending trillions of dollars in Covid recovery projects and heavy investment in green technology requiring huge quantities of metals to build.
Iron ore and palladium have hit record highs, as have timber and even agricultural commodities like wheat, sugar and dairy.
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GLA