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PBOC doubts hit commodities

by Ashraf Laidi
Sep 26, 2014 11:51

The selloff in commodities is now being exacbated uncertainty about the future of leadership at the People's Bank of China (PBOC). The contrasting picture with equities is highlighted by the climb in the S&P500/CRB ratio, hitting 12-year highs, up 101% from August 2011, and 158% from the lows of June 2008. Full charts & analysis.

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PBOC doubts hit commodities - Spx Crb Sep 25 (Chart 1)
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PBOC doubts hit commodities - Spx Crb Sep 25 (Chart 2)

 
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