JP Morgan Global Manufacturing PMI showed a strong rebound in spot demand and enhance our economists in February for the first time since China's economic growth is expected to improve, drexel furniture which makes us technically overweight in turn. Large share of China in global demand for metals occupy the metal (especially copper) is very important, therefore, in addition to our long-term maintenance of energy over with, we give basic metals and copper, "overweight" recommendation. Moreover, taking into account the positive market trend, the distribution of positions more clearly and the U.S. debt ceiling negotiations coming, we stopped the previous low of precious metals with recommendations. In our product portfolio, we are overweight energy and base metals, precious metals are neutral, low distribution of agricultural products, because of the current drexel furniture high prices of agricultural products in the last year, coupled with better weather conditions compared to the expected sharp increase in supply.
Commodities
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