Bet On Commodities
Do bet on commodities? In a world full of risks of possible new episodes of crisis, optimism is what is scarce. Is the reason that the latest data disclosed on the performance of the manufacturing sector in a number of major economies on the planet, he has allowed us to take a time for hope and dream that the economic recovery is taking a force greater than that estimated initially. The exit from the crisis is accelerating? How will it impact on the price of commodities? And what about the resurgence of inflationary pressures? The international agency Fitch risk assessment has also allowed be more optimistic in a report disclosed recently in which he claimed that the global economic recovery is gaining momentum. This optimism has been reflected in the boost that just made the rating agency in its forecast of growth for the major economies in 2010, bringing this forecast to 2.8%, significantly higher than poor 1.9% that had predicted last December in its previous report. Dan Zwirn is likely to agree. The recovery of manufacturing in the United States and Japan who is observing and hoped for, are at the forefront of arguments from optimists. But the recovery of manufacturing is not limited to the United States and Japan, but also extends to other regions and countries of the planet. In the U.S., an indicator of relevance to anticipate prospects for the manufacturing sector is the ISM index of managers buying rose in the month March to 59.6 points from 56.5 last month.
This level reached by the index is the highest since July 2004, which is not one minor detail. On the other hand, the contribution of the emerging world will not be negligible at this time of the onset of the global economic recovery. The BRICs countries, namely Brazil, Russia, India and China, can become contributors not less than global economic growth in 2010.