China and Middle East tensions push commodities into the spotlight: Morning Brief - Tellbrief.com

China and Middle East tensions push commodities into the spotlight: Morning Brief

Geopolitical tensions and an Iranian missile strike on Israel are dominating headlines, pushing crude oil prices higher as fears of supply disruptions escalate. But there’s another key driver adding structural bullishness to commodities: China’s largest stimulus package since the pandemic, with the promise of more to come.

Meanwhile, WTI (WTI) and Brent (BZ=F) crude oil are surging with Iran's missile attack on Israel, with the former jumping nearly 8% Tuesday. "Underinvestment in manufacturing, single-family [homes], [and] mining over [the] last decade should drive [materials prices] higher," noted the bank.

morning brief imageClick here for the latest stock market news and in-depth analysis, including events that move stocksRead the latest financial and business news from Yahoo Finance..

Continue reading ...
News articles remains the property of the source. Tellbrief is a news aggregator.
Related Business News

Similar Headlines

More News
Home Business News Tech