All Commodities articles – Page 6
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Did You Miss the Commodity Boom?
Commodity prices are up substantially this year, but we believe structural supply and demand imbalances mean we are still in the early innings of this cycle.
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Conflict Brings a New Challenge to Global Food Security
February 24 marked the beginning of one of the largest military conflicts to break out in Europe since World War II, as Russian military forces invaded Ukraine. The unprovoked and devastating attack ratcheted up geopolitical tensions and triggered a massive humanitarian crisis.
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Aluminium: Investing into the decarbonisation paradox
In this latest edition of our quarterly Spectrum report, experts from Federated Hermes consider the question of aluminium. The lightweight metal will play a crucial role in the energy transition but will need to address its own carbon footprint first.
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The impact of the Ukraine crisis on climate change
There are no doubt multiple factors that led to Russia’s decision to invade Ukraine. One was likely to have been a calculation that European dependence on Russian fossil fuels – particularly gas – would limit the severity of any resulting sanctions on Russia from the West.
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Market snapshot: Equities tumble as inflation reality bites
The latest US inflation data released this week sent ripples through markets, as investors took stock of the fact that despite the Federal Reserve’s efforts, consumer prices remain stubbornly high.
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Drilling Down: Oil Production Scenarios Across Countries
With economies scrambling for alternatives to Russian fossil fuels, Dina Ting, our Head of Global Index Portfolio Management, offers perspective on single-country portfolio exposure to other world oil producers.
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Russian Gas Flows Face New Obstacles
The risk-off tone and heightened volatility in markets continued this week. Disruptions in European gas supplies (see page 2) led the euro to depreciate against the U.S. dollar, approaching 2016 lows. Meanwhile, elevated inflation data in the U.S. buoyed stagflation fears and expectations of an aggressive Fed tightening path, leading equities and the U.S. 10-year yield lower.
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Carbon Aware Portfolios
Over the past 5 years, arguably the dominant theme in equity and fixed income investing has been the inclusion of ESG (Environmental, Social and Governance) factors into the asset allocation process. As investor attention starts to expand into the commodity markets, we discuss a broad framework for investors seeking to incorporate ESG themes within their commodity portfolios.
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Market snapshot: the ‘S-word’ looms into view
As investors grapple with the ongoing fallout from the Ukraine crisis and Covid-19, the risks posed by stagflation are growing.
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War and Net Zero offer opportunities across the commodity universe
Commodity trends are driven by four sets of factors: fundamental, geopolitical, structural and cyclical. Today, these are all supportive and underpin commodity price trends, especially for base metals and energy.
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Energy in focus: The pivot to green
How will the surge in the prices of oil, gas and coal impact the transition to low or zero carbon sources of fuel? In the second part of our Q&A on the energy sector, experts from our credit, equities and ESG teams contemplate the challenges and opportunities in the pivot to green.
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The energy crisis heightens inflation fears - Strategies to protect portfolios from inflation risk
Inflation was already running well above central banks’ targets as we entered the year. The war has put additional pressure on prices and supply chains and this could have repercussions not just on oil, but on other commodities as well. Furthermore, given these (intermediate) commodities are used in the production of other finished products, we are likely to witness more broad-based inflation, particularly in Europe, the region closest to the crisis.
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The renminbi’s creeping internationalisation
China has recently revived talks with Saudi Arabia on settling some oil trades in renminbi in a move that many market players see as a first step towards gradually shifting the global oil trade to the renminbi from the US dollar, creating the ‘petro-yuan’.
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Should Investors “Buy the Dip” in a Time of Geopolitical Crisis?
Many market pundits have advocated a strategy of “buying the dip” after significant selloffs, but does it always make sense to do so? Franklin Templeton Investment Solutions’ Gene Podkaminer and Miles Sampson explore market reactions to geopolitical events and caution against celebrating the success of this strategy too soon.
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The demise of ESG is much exaggerated
Far from being a casualty of the war in Ukraine, ESG investing is the key to security in energy, food and commodities, says Eoin Murray, Head of Investment, Federated Hermes
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Hedge Fund Strategy Outlook Q2 2022
Last year’s headlines (COVID-19 and China) have been replaced with new concerns (Invasions and Inflation). Central bankers are pivoting from stabilizing growth to limiting inflation.
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Spotlight on Saudi Arabia
Saudi Arabia’s economic rebound is drawing attention with an obvious boon from rising oil prices. Outside of hydrocarbons, the country is continuing to diversify and reform in a number of sectors as part of its ambitious Vision 2030. Dina Ting, Head of Global Index Portfolio Management, Franklin Templeton ETFs, highlights developments on the kingdom’s horizon.
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Market Scenarios and Risks - April 2022
We keep the narratives and the probabilities of our central and alternative scenario unchanged versus last month. The war in Ukraine could evolve in several ways over the coming weeks (see Ukraine crisis tree) with significant implications on economic and financial markets.
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Cross Asset Investment Strategy - April 2022
The first month of the Russia-Ukraine war has driven volatility up across the board, though with some recent signs of stabilisation in equity markets. Europe is the area most exposed to the war – in particular, through the effects of higher energy prices, supply chain disruptions, and geographic proximity, but the commodity squeeze goes far beyond energy to include agricultural commodities and metals.