Markets

Commodities Rally Vulnerable if Philadelphia Fed Data Outperforms

Talking Points

  • Commodities Soar as Markets Find QE3 Hopes in Bernanke Testimony
  • Philadelphia Fed Upside Surprise May Pour Cold Water on Risk Appetite

Commodity prices are on the upswing as markets revel in Fed stimulus expectations after two days of Congressional testimony from Ben Bernanke drove hopes that additional help may be on the way. S&P 500 stock index futures are pointing firmly higher ahead of the opening bell on Wall Street, hinting the growth-geared crude oil and copper prices are positioned to follow stocks higher while gold and silver capitalize on fading haven demand for the US Dollar.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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