The commodity price conundrum

July 27, 2020/Coronation Report

Global equity markets have been trending up this month. Markets are showing confidence in a global economic rebound, despite significant setbacks from the rising number of recorded Covid-19 cases in the US, the European Union, India and Brazil.

Commodity prices have also been rising, but the behaviour of oil prices and copper prices have been very different, with oil prices seemingly held back recently. This could have important implications for Nigeria.

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