At the moment, there's a little bit of support
from weak equity markets, but we see further weakness coming through,» Daniel Hynes, senior commodity strategist at ANZ, told CNBC.
Not exact matches
HOUSTON, Feb 5 - Oil prices settled lower on Monday as rising U.S. output, a
weaker physical
market and recent dollar strength added to the pressure
from a widespread decline across
equities and commodities
markets.
If anything should be clear
from the bubbles of recent years, the greatest risks are not when prices are depressed, the economy is
weak, and investors are frightened, but rather when prices are elevated and an unendingly positive outlook for technology, or housing, or global growth, or private
equity, or emerging
markets, or commodities seems all but certain.
«China could be forced to devalue the yuan even more, should its economy falter, and the
equity markets are dealing with the prospect of a
weaker yuan amplifying the negative impact
from a sluggish Chinese economy,» said Eiji Kinouchi, chief technical analyst at Daiwa Securities in Tokyo.