sentix ASR Essentials 21-2017
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28 May 2017
Posted in
sentix Weekly
A less negative strategic bias on Crude
Last week we noted the continued interplay in sentiment towards emerging equity markets and commodities. At a market level, weakening investor opinion on the medium-term outlook for Chinese equities remains a feature, consistent with receding optimism on commodities as an asset class. However, on this latter front, there are some chinks of light amidst the prevailing recent gloom, with investors’ medium-term strategic bias on Crude Oil having become less negative in recent weeks. Notably, it is an improvement that has not been derailed by initial market disappointment at the outcome of last week’s OPEC meeting. See Charts 2-4, p2.
