All Commodities articles – Page 2
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White papersHedge funds: The Red Thread – Alternatives, mid-year edition 2026
2Q26 outlook - The conflict in the Middle East and subsequent closure of the Strait of Hormuz are shifting the global economy from a ‘goldilocks’ state (steady growth and falling inflation) towards stagflation (lower growth and rising inflation). The recent rebound in risk assets, albeit welcome, may prove short-lived; supply chain disruptions are underway as energy prices and shipping costs rise and global inventories are depleted.
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White papersInfrastructure: The Red Thread – Alternatives, mid-year edition 2026
Renewables – leading the charge
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White papersMay CPI report: War impact remains contained, allowing the Fed to stay on hold
Today’s inflation report reflects ongoing price pressures tied to the Middle East conflict, though the impact remains relatively contained. Headline inflation, primarily driven by energy, rose 0.5% in May, as expected, lifting the annual rate to 4.2%, the highest in over three years. However, inflation concerns were eased by goods deflation and a lower-than-expected Core CPI reading of 0.2%. Even so, the fluid situation in the Middle East suggests the risk of higher energy prices for longer, along with second-round inflation impacts, persists.
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White papersInflation Squeezes Consumers and Producers Alike
Inflation isn’t just a headline, it’s spreading through the supply chain. Energy costs are lifting producer and import prices, increasing the risk of persistent inflation. Even if energy pressures ease, underlying inflationary momentum is likely to remain.
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White papersScale matters: navigating EM oil credit in volatile markets
Spiking high oil prices create regional winners and losers.
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White papersA deal with Iran will not push the Fed to cut policy rates
A U.S.–Iran agreement to reopen the Strait of Hormuz appears to be moving closer. If implemented, it would restore energy flows and begin to unwind the largest supply disruption in history. Current reports suggest that reopening the Strait would trigger a 60-day negotiation phase focused on Iran’s nuclear program, so the path forward is not yet free of implementation risk.
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White papersEurozone outlook darkens amid energy crunch
Higher energy prices are squeezing growth, complicating the ECB’s next move and bolstering the appeal of euro-denominated money market funds.
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VideoSustainable Global Equity: Where does a longer-term strategy see opportunity?
With markets pulled in multiple directions in 2026, looking beyond near-term noise is uncovering compelling opportunities in emerging markets, capital-intensive firms and commodity exposed names, says our Sustainable Global Equity team in a new video.
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White papersFive dynamics shaping today’s investment landscape
Geopolitical risk, consumer strain, AI, policy limits, and the changing role of the United States are all shaping global markets. Markets are adapting to a regime shift in which macro, policy, and technology are colliding more directly—and more quickly—than investors have been used to. This set of five articles draws on Seema Shah’s (Chief Global Strategist at Principal Asset Management) discussion of the “five dynamics” shaping today’s investment landscape, translating those dynamics into practical frameworks for portfolio decision-making.
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White papersReal Assets in the Age of Supply Shocks: Why This Is a Buy Moment
Today’s acquisition opportunities favor active ownership and counter-cyclical development.
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White papersGlobal turmoil reshapes the municipal credit landscape
Municipal credit is rarely one story, and right now it is telling several at once. From geopolitical energy shocks and Western water scarcity to shifting state tax policy and localized fiscal stress in New Jersey school districts, the factors shaping municipal credit quality today require issuer-level precision rather than broad market calls. Nuveen’s latest municipal credit update breaks down where the risks are real, where they are overstated, and where informed investors may find opportunity. Explore the full report to see what our credit team is watching closely.
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White papersWhat Does Higher Inflation Mean for the US Economy and Fed?
With inflation rising, consumers are feeling the pinch and the Fed is weighing its options.
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White papersEmerging markets after Iran shock: AI, oil and market dispersion
Emerging markets continued their resurgence in early 2026, only to be tested by renewed geopolitical shocks. As AI leadership, oil disruption and policy credibility pull markets in different directions, performance has become increasingly uneven. We explore why emerging markets’ resilience is now defined by dispersion and what that means for investors.
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White papersConsider currency correlation
Currency can bring diversification, but not if the countries react similarly to events.
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White papersMarkets rebound as geopolitical shocks follow a familiar script
Global equity markets have staged a sharp rebound in recent weeks, delivering their strongest monthly performance in several years. The S&P 500 rose 10.5% in total return terms in April, its best month since November 2020. Additionally, despite persistent pessimism around Europe, the Stoxx 600 gained almost 6%, its strongest month since January 2025, while the MSCI Emerging Markets Index soared 15%, its best performance since November 2022.
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PodcastGeopolitical friction and the new market reality - Investment Views by Outerblue Convictions
Markets have remained surprisingly resilient despite a fast-moving news cycle, rising geopolitical tensions and growing uncertainty around the outlook for growth and inflation. In this episode of Outerblue Convictions, host Swaha Pattanaik speaks with Monica Defend, Head of the Amundi Investment Institute, following the IMF spring meetings in Washington to discuss the structural shifts now shaping markets and what they mean for investors.
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InsightThe battery storage revolution builds economic resilience
Volatility has become a defining feature of global energy markets. From the Strait of Hormuz to Ukraine, geopolitical tensions are driving price instability, inflation, and industrial disruption, forcing a re-think of how energy systems are built. In the current landscape of disruption and uncertainty, simply building more renewable capacity isn’t enough. The real challenge is creating energy systems that are not just green, but truly resilient, flexible and less exposed to geopolitical shocks.
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White papersCIO Weekly: Japan Shows Resilience
Japan’s energy import dependence makes it one of the conflict’s more exposed markets. Yet its short-term resilience is high, and the longer-term investment case remains attractive.
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White papersUS equities hit new highs
US stocks climbed to a new record this week, supported by several factors. Firstly, as investors look for a swift resolution of the Iran crisis, strong corporate earnings boosted confidence, with 80% of S&P 500 companies that have reported first-quarter results having beaten estimates so far. At sectoral level, technology has regained leadership, with the Philadelphia Semiconductor Index posting a notably strong performance.
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White papersMiddle Eastern Conflict and Implications for Asian Energy Policy
Asia, including developed markets such as Japan and Korea, is hit hardest by the Middle East energy supply shock as Hormuz flows have largely ceased. ~90 per cent of exports were Asia-bound, and Platts Dubai/Oman now trades at a 10–20 per cent premium to Brent/WTI.
