February 2020

MORNING VIEW: Markets focused on coronavirus developments, less so on impact to supply chains

Equity markets remain buoyant in Asia, but pre-market western equity indices have started to weaken, while metals are mixed this morning, Thursday February 20.

MORNING VIEW: Markets recover after Tuesday’s broad market dip; base metals prices mixed

After the broad-based dip on Tuesday February 18 that was partially triggered by Apple’s sales warning, markets have recovered on Wednesday with equity indices in Asia stronger, as are pre-market western equity indices.

Beijing bank applies for restructure of debt-ridden parent of trader Founder Commodities

Peking Founder, owner of Chinese trader Founder Commodities, has been ordered to restructure just shortly before its bond due date this coming Friday, February 21.

MORNING VIEW: Base metals prices mixed, but broader markets have second thoughts about coronavirus impact

Broader markets, mainly equity indices, have been fairly complacent about the potential negative economic impacts of the coronavirus (2019-nCov). But this morning, Tuesday February 18, that may be changing with Asian equities down across the board as more companies and countries get jittery.

PEOPLE MOVES: Chris Griffith steps down as Anglo American Platinum ceo

Chris Griffith, chief executive officer and executive director of Anglo American Platinum, will step down from his position, the company said on Monday February 17.

MORNING VIEW: Metals prices generally buoyant after China adds further financial stimulus

China’s race to contain the coronavirus (2019-nCov), combined with its financial stimulus, are providing the markets with more than enough hope, with risk-on being seen across most of the metals and many equity indices, especially in western markets, this morning, Monday February 17.

MORNING VIEW: Metals prices consolidate near recent highs, waiting for fresh news

With no let-up in the number of coronavirus (2019-nCov) infections in China, the market is this morning, Friday February 14, waiting for signs that the virus is being contained.

MORNING VIEW: Markets weaker as changes in coronavirus data cause more uncertainty

A spike in the reported death toll from the novel coronavirus (2019-nCov) in China led to a pullback in risk asset prices in early trading this morning, Thursday February 13, but the spike is not all what it seems.

MORNING VIEW: Base metals prices consolidate, market waiting to gauge fallout from coronavirus epidemic

While equity markets remain buoyant on optimism that the spread of the novel coronavirus (2019-nCoV) may be slowing, the base metals seemed more circumspect on Wednesday February 12 as they wait to see what the fallout from the virus will be in terms of how much disruption the manufacturing sector is suffering.

IN CASE YOU MISSED IT: 5 key stories from February 11

Here are five Fastmarkets MB stories you might have missed on Tuesday February 11 that are worth another look.