Barclays Capital
Barclays Capital
Barclays Investment Bankis the investment banking division of the British multinational Barclays bank headquartered in London. It provides advisory, financing and risk management services to large companies, institutions and government clients. It is a primary dealer in U.S. Treasury securities and various European Government bonds...
chile copper demand disruption environment given lack last lend prices production rarely shipments spare strikes strong support tend
While strikes in Chile rarely tend to last for very long, any disruption to production or shipments will lend support to copper prices given the strong demand environment and lack of spare material.
cautionary clear conflict high length major microscope move side
Under the microscope it is clear that an important watershed is approaching. The short-term downtrend is about to come into conflict with the medium-term uptrend. Typically we would side with the longer-term move but the length of the downtrend from the high is a major cautionary note.
correction despite further markets physical prices relatively steady suggest support threat worth
It is worth noting that prices are getting little support from the physical markets despite relatively steady prices of late, which suggest that threat of further correction remains.
benchmark bonds buy create few objective operation seems smaller time
The objective of the operation seems to be to create a few large-sized benchmark bonds and over time buy back the smaller issues.
dispute higher leaves open prices risk short solution
The possibility for a non-benign solution to the dispute leaves open the risk for higher prices in the short term.
economy encourage market optimistic outcome pivotal prior strong today view
U.S. payrolls are much more pivotal today than in prior months. A strong outcome would encourage the market in its increasingly optimistic view of the US economy and hawkish view of the Fed.
absent appetite asia continued credit fund likely loan market stability strength support synthetic
Absent new developments in credit, the continued synthetic demand, the hedge fund bid, strength in the leveraged loan market, stability in U.S. Treasuries, and credit appetite from Asia will likely continue to support the market overall.
asian bank central continuing economic fears fund further hopes interest justified large remains room upside
There remains room for further upside this year, with fund interest continuing to be justified on...inflationary concerns, fears of economic slowdown, hopes of large Asian central bank buying.
actual component contains crude directly gap impact large oil release reserves strategic supply
The release of strategic reserves contains a very large component of unneeded crude oil and does little to directly impact on the actual supply gap of U.S. oil products.
across among continues enthusiasm founded general interest market strong
This market continues to look very strong ... Enthusiasm among speculators is founded on its constructive fundamentals and general interest across commodities.
actively associated contained direct discourage draft foreign investment number policy proposals
a number of proposals contained in the draft policy would actively discourage foreign direct investment and the associated financing.
cut fall looking meeting oil output pressure prices prior sharp
A sharp fall in oil prices prior to OPEC's end-January meeting is looking increasingly unlikely, and the pressure on OPEC to make a cut to output prior to Q2 is abating.
activity asian bank based buying central concerns continue dominate economic fund hopes interest physical price soaring
Speculative activity will continue to dominate price movements, with fund interest based on justifications such as economic slowdown, inflationary concerns and hopes of Asian central bank buying and soaring physical demand.
absence both close created driver key limits oil run slack
The oil system, both upstream and downstream, is being run close to sustainable limits and the tensions created by the absence of slack are now the key driver of prices.