Commodities Retreat on Fears of China Tightening – WSJ.com

Commodities Nov 12, 2010 No Comments

Commodities tumbled on worries that China will take fresh action to slow its surging economy, threatening the biggest source of demand growth for oil, soybeans and other goods.

Traders expect China’s central bank to raise interest rates after digesting a report published Thursday that inflation there rose to 4.4% in October. Grains and metals markets had hit fresh multiyear highs as rising inflation pointed to red-hot economic growth. But those markets and others swooned on Friday on Chinese media reports of looming anti-inflationary efforts, which would likely come at the expense of economic growth.

via Commodities Retreat on Fears of China Tightening – WSJ.com.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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