Thursday 20 December 2018

COLUMN-Trump takes the 2019 outlook for commodities hostage: Russell | Reuters

COLUMN-Trump takes the 2019 outlook for commodities hostage: Russell | Reuters:

Forecasting the year-ahead outlook for commodities, while popular among analysts, is a bit of a mug’s game at the best of times, but the view for 2019 is made even more complicated by one volatile factor: Donald Trump.

While there are other drivers of commodity prices next year, the mercurial U.S. president looms large over the sector, and the actions of his administration will either amplify or partially nullify the established trends.

Before trying to decipher Trump’s likely actions it’s worth looking at the trends likely to move commodity markets in 2019.

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