Selling pressure continues on commodities

By: Anadolu Agency

Selling pressure on commodity markets is continuing amid concerns over global economic activity.

Uncertainties over the US Fed's monetary policy and global recession expectations are having a severe impact on investors' risk appetite.

Analysts said while economic activity declined in the US, inflation risks are still alive; this situation risks a recession risks if the Fed takes new steps against price increases.

Markets see an 84% chance the Fed will raise interest rate by 25 basis points this week while forecasting it will keep rates constant in June.

With these developments, a sales-weighted course was seen in bond markets; the 10-year US bond yield ended last week at 3.42%, falling around 15 basis points.

Analysts said rising geopolitical tension between China and Taiwan and uncertainties related to the Chinese economy have also dampened risk appetite.

More details at the link