Metals prompt gains
- Highest levels in more than a decade
- Iron ore rally and strong Chinese demand prompt move higher
- Expect upgrades to analysts earnings forecasts for miners according to Andrew McAuley the chief investment officer for Credit Suisse Private Bank in Australia.
The S&P200 Materials Index at levels last seen in June 2008. The weak USD has been boosting commodities alongside hopes of a return to global growth on a coming vaccine. There may be plenty more to come in terms of a run higher in commodities.
