Tin a hot commodity, likely to continue to outperform
Nasdaq ~flat, S&P 500 slips, Dow declines ~0.6%
Real estate leads S&P 500 sector gainers; Energy weakest group
S&P banks index down >4%
Dollar ~flat; gold rises; bitcoin slips; crude slides >4%
U.S. 10-Year Treasury yield falls to ~3.66%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
TIN A HOT COMMODITY, LIKELY TO CONTINUE TO OUTPERFORM
Tin has shown heart in the commodity space, outperforming on a favorable supply/demand ratio, and with those dynamics unlikely to change prices should continue to advance, according to Bank of America.
“As the momentum of this year's base metals rally fades, tin has continued to outperform,” analysts including Danica Averion said in a recent report.
Tin prices are up 20% year-to-date, which BofA attributes to multiple factors.
“Supply has faced headwinds and is still hovering around 2005 levels. As for demand, the energy transition, with its reliance on green technologies, is boosting consumption,” the bank said. “A rebound in semiconductor sales has also been supportive. Taken together, this means inventories are now virtually depleted.”
BofA expects tin prices to rise to an average of $37,000 per ton by 2026, from $30,915 on Monday. CMSN3
(Karen Brettell)
*****
FOR TUESDAY'S EARLIER LIVE MARKETS POSTS:
BLACKROCK LOOKS BEYOND TECH FOR AI RETURNS - CLICK HERE
SMALL BUSINESS SENTIMENT SOURS, OUTSTANDING CONSUMER CREDIT SURGES - CLICK HERE
BULLS AND BEARS DEBATE AHEAD OF BIG INFLATION DATA SPATE - CLICK HERE
REAL ESTATE IS LOW HANGING FRUIT, FUND MANAGER SAYS - CLICK HERE
BENCHMARK TREASURY YIELD DOWN 5 STRAIGHT DAYS, BRACING FOR CPI - CLICK HERE
APPLE'S PUSH INTO AI SHOWS TREND INTACT - UBS - CLICK HERE
EUROPEAN REAL ESTATE "TURNING A CORNER" - CLICK HERE
AI STILL "BIG CALL", BUT BLACKROCK TURNS SELECTIVE- CLICK HERE
NEW HIGH FOR UTILITIES - CLICK HERE
EUROPE BEFORE THE BELL: BOUNCE LOSES STEAM - CLICK HERE
CHINA GLOOM OVERSHADOWS WALL STREET-LED REBOUND - CLICK HERE
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.