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Global stock markets rose as Brent crude moved above $30 a barrel on May 5, 2020. Chinese manufacturers struggled to raise output while much of the world stayed in lockdown, and Chinese central bank data showed rising borrowing.
Expectations that more countries would lift restrictions also supported sentiment.
Higher crude on reopening expectations supports energy-linked input costs, while weak Chinese manufacturing output limits demand for imported commodities.
theguardian.comPhillip InmanMay 5, 2020Not enough comparable past events yet for a historical read.
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.
