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S&P Global's Materials Price Index fell 0.9% in the week, as recession fears kept physical buyers on the sidelines. A US announcement postponing some China tariffs to December limited losses, and five of ten sub-indices rose.
Softer physical demand and a stronger dollar weigh on broad commodity prices, though the tariff delay reduces near-term trade-war downside for feed-linked markets.
spglobal.comAug 21, 2019After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 691 past macro events, BRENT moved a median -0.2% over 5 sessions (49% higher; middle half -4.6% to +3.1%), and +0.2% over 20.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
