19/5/2024, 4:52:02 pm

Commodity traders to take cues from Fed Chair speech, flash PMI numbers

Commodity Research at Kotak SecuritiesMarket volatility was notable this week (ended May 17) as optimism sparked by soft US inflation data, was tempered by traders reconsidering the future path for interest rates following hawkish comments from several Fed officials. However, market confidence was restored soon after, thanks to sweeping measures from China.