This will have a significant impact on commodity prices, as concerns about recession risks are growing and making investors more cautious in opening positions. However, information on inflation and interest rates was also reflected in prices last week, so the pressure this week will also ease. Commodity markets also expect positive data from China, especially the Purchasing Managers' Index (PMI), which reflects activity from factories. Demand in China is still expected to be a strong support factor for commodity price trends in the long-term, in the context that the countries of North America and Western Europe are constantly under pressure. In the event that production data continues to show expansion, commodity prices, especially important input materials such as crude oil, or metals will receive positive buying. As for the agricultural market, at 23:00 on Friday night, the US Department of Agriculture will release two extremely important reports at the same time, which is the ...

Source

Baochinhphu

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