THE BAD

Finweek English Edition - - THE WEEK -

The prices of com­modi­ties, one of the best-per­form­ing as­set classes so far this year as it re­bounded from 25-year lows, are again at risk of steep drops, Bar­clays warned in a re­search note. While in­vestors have been bet­ting that com­mod­ity prices may have bot­tomed, Bar­clays an­a­lyst Kevin Nor­rish warned that there have been no im­prove­ments in the mar­ket fun­da­men­tals and that the gains will be dif­fi­cult to sus­tain. There is a grow­ing risk that any set­back will re­sult in a rush for the ex­its, which could again lead com­mod­ity prices to over­shoot to the down­side, Nor­rish says. (See page 12.)

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