![]() ![]() Prices of the red metal were up roughly 25% in the second quarter. Factors like optimism over financial stimulus, strong demand in China (a top consumer) and concerns over supply disruption from top producer Chile due to the worsening coronavirus situation in that country are driving copper prices. Global uncertainty over the coronavirus pandemic, the low interest rate environment, renewed U.S.-China tensions and the civil unrest in the United States are among the factors that have contributed to bullion’s rally.Īlso, copper prices have witnessed a rally throughout June. Notably, gold crossed the $1,800-an ounce mark on Jun 30. Gold prices gained around 13% in the second quarter - the biggest quarterly percentage increase in more than four years. Meanwhile, gold has been the bright spot in the Basic Materials space this year as fears over the coronavirus pandemic made it the most attractive safe-haven asset. The economic recovery in China is expected to continue in the coming quarters on further improvement in domestic demand and government support. China has unveiled a roughly $500 billion stimulus focused on tax cuts, infrastructure projects and job creation to get the economy back on track. Beijing is looking to stimulate the economy with big infrastructure spending and is also taking steps to boost domestic consumption. Government stimulus are likely to rev up China's economy in the second half. China’s GDP shrank 6.8% year over year in the first quarter, the first contraction in decades, as lockdown restrictions hurt industrial production and retail sales. Notably, the coronavirus outbreak had a devastating effect on China’s economy in the first quarter. China’s GDP grew 3.2% year over year in the second quarter, aided by strong industrial production that rose 4.4% year over year in the quarter, according to China's National Bureau of Statistics. China is clawing back from the coronavirus-induced slump as industrial activities picking up pace following easing of lockdown measures.Ĭhina’s economy returned to growth in the second quarter after a sharp contraction in the first quarter. However, with China seeing an economic rebound, things are looking up for the Basic Materials sector in the second half of the year. Some of the major industries in the Basic Materials space such as chemicals and steel have been walloped by the virus-led demand destruction. Fears that a possible hard landing of China’s economy amid the pandemic would kill the country's appetite for raw materials triggered a selloff in most commodities during the first quarter. Slowdown in demand in China - the world’s biggest consumer of commodities - amid the coronavirus outbreak cast a pall over several industries in the Basic Materials space for much of the first half.Ĭommodities have been among the worst hit since the deadly virus started spreading across the globe. Here are highlights from Thursday’s Analyst Blog:ĥ Basic Materials Stocks to Snap Up Ahead of Q2 Earnings Stocks recently featured in the blog include: Vale S.A. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Multiple & Large Orders Are Subject To Cancellation.Chicago, IL – J– announces the list of stocks featured in the Analyst Blog. Feel free to combine colors! *Not Eligible For Promotions or Resell. *Maximum allowed quantity of this product is 20 units. The narrow base is made to fit nearly any car cup holder. ![]() We’ve also added a comfort-grip handle, so you can easily carry your water, iced coffee or beverage of choice to work, on errands or daytrips. And at the top is an advanced FlowState™ lid, featuring a rotating cover with three positions: a straw opening designed to resist splashes with a seal that holds the reusable straw in place, a drink opening, and a full-cover top for added leak resistance. ![]() Beneath the unique Soft Matte finish is recycled stainless steel construction and double-wall vacuum insulation. Yet it’s dishwasher safe with all the durability you count on from Stanley. The grippable silicone finish offers a stylish, sophisticated look and a velvety feel. Treat yourself to trendsetting, all-day hydration with our Quencher H2.0 in Soft Matte. ![]()
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