Sentences with phrase «term commodity prices»

Energy companies that I consider coin flips are often reliant on near - term commodity prices for survival.

While a decline in near - term commodity prices reduced our estimate of value due to lost interim cash flows, the stock's decline has significantly exceeded what we think is the true change in the company's underlying business value.

Undoubtedly, all of this will produce future strains in the form of inflation risk, longer - term commodity price pressures, fiscal instability, stagnant lending activity, continued failure of smaller institutions, further loan writedowns, and other events.

Not exact matches

For now, relatively tame commodities prices are «keeping longer term inflation at bay,» and pressuring gold, said Rob Lutts, chief investment officer of Cabot Wealth Management.

Despite a recent OPEC agreement to cut oil production and boost prices, it is unrealistic to expect that the commodity will reach $ 65 a barrel in the near term.

It pointed to the continued presence of fragile fixed - income market liquidity as a key vulnerability in the overall financial system, while it repeats the risks of a sharp increase in long - term interest rates, stress from emerging markets like China and prolonged weakness in commodity prices.

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

However, improving commodities prices in 2016 will help restore confidence and Canada will get back on track to sustainable growth over the long term.

The banks may be more conservative until there's more long - term visibility of where the commodity prices go,» said David Otte, a special adviser to Spears and Associates, a Dallas - based consultancy.

First, has been the significant decline in terms of trade during the first half of the year due to lower commodity prices.

Prices for important commodities remain high and the nation's terms of trade are at an all - time high in the current quarter.

Shorter term, however, there is a great deal of potential for price whipsaws in the commodities markets (recall the scissors analogy from a few weeks ago).

«Between 2 % and 5 % for stocks, bonds and commodities are expected long term returns for global financial markets that have been pushed to the zero bound, a world where substantial real price appreciation is getting close to mathematically improbable.

Sven Eenmaa, who covers the stock for Stifel, said that while savings on lighting projects from lower commodity prices will get passed on to consumers over time, Acuity Brands should see a near - term boost.

The terms of trade is influenced by the exchange rate because a rise in the value of a country's currency lowers the domestic prices for its imports but does not directly affect the commodities it produces (i.e. its exports).

So it's better to think about changes in commodity prices in terms of the terms of trade than on the exchange rate.

Most notable so far has been the boom in the resource sector, with commodity prices and hence Australia's terms of trade rising to historically high levels over a number of years.

The surge in commodity prices increased the terms of trade — the ratio of the price of exported goods to the price of imported goods — in both economies, but the effect in Australia was far stronger than what we saw:

The link between commodity prices and Canada's terms of trade is surprisingly tight (clicking on a graph opens a larger version in another window):

If there is good news for Canada in all this, it's that commodity prices have remained elevated, which helps the country's terms of trade.

The terms of trade boom was driven by very large increases in the prices of some of Australia's commodity exports.

Compared with previous episodes of booming commodity prices, a floating currency, a sound but flexible medium - term framework for monetary policy and a flexible labour market mean we are doing much better this time than in the mid 1970s or early 1950s.

As shown in the chart below, signs of economic stabilization in China combined with recovering commodity prices and a weaker U.S. dollar created short - term tailwinds for EM assets.

We believe commodity prices should slowly grind higher in 2018, further strengthened by investors returning their focus to fundamentals as opposed to short - term concerns.

I expect that hard commodity prices will fall sharply over the next two to three years, but to the extent that prices rise in the short term, as they have in the past three months, it is likely to reflect additional investment growth in China.

Future commodity price levels might certainly be different, on average, in the future than they were in the past, but we should not jump to the conclusion that the long - term boom - bust dynamics of commodities have vanished as a result.

Still, even if it only has a short - term impact on prices it might muddy the water and make it a little hard to interpret the impact of copper price changes, but the price of other hard commodities, including iron ore, can help clarify the role of Chinese demand.

By the early 1980s, enormous external debts, soaring interest rates, and the beginning of a long - term decline in commodity prices set off what was subsequently known as the LDC Debt Crisis.

However, lower prices for oil and other commodities since the summer have further lowered Canada's terms of trade and are dampening business investment and exports in the resource sector.

Higher crude US: CLK8 and commodity prices CRB, +0.42 % have been the principal driver of the short - term jump in the 10 - year break - even rate, the bond market's assessment for inflation over the next 10 years, to 2.18 %.

However, while Canada will have to get used to a softening of prices and demand for many of its commodities, the longer term prospects for closer economic relations with China look decidedly positive.

Long before Bitcoin reached the price of gold, the two commodities have been compared, and analysed side by side, in order to determine which would make a better long - term investment for anyone with enough capital to risk.

Bottom line: Enbridge Inc. (ENB) is the largest energy infrastructure company in North America, with most of its cash flow supported by long - term commercial agreements that don't depend on commodity pricing.

Their tests employ nine asset class indexes (U.S. stocks, European stocks, Japanese stocks, U.S. real estate investment trusts (REIT), International REITs, intermediate - term U.S. Treasuries, long - term U.S. Treasuries and commodities) and a spot gold price series.

While the appreciation of the Australian dollar over the past year or so has restrained commodity prices in Australian dollar terms, they remain close to their average of the past decade.

Secondly, there has been a collapse of demand in the commodity producing countries such as Russia and Brazil, due to their weakening terms of trade (the fall in their export prices relative to their import prices).

In aggregate, commodity prices were little changed in the September quarter in SDR terms (Graph 28).

Export prices in SDR terms have risen sharply over the past two years, buoyed by the steep rise in global commodity prices, while import prices have remained broadly flat, reflecting competitive pressures in global manufacturing.

Commodity prices have changed little on average over recent months and remain at high levels; the RBA Index of Commodity Prices fell by 0.8 per cent in SDR terms over the three months to January to be 10.2 per cent higher over theprices have changed little on average over recent months and remain at high levels; the RBA Index of Commodity Prices fell by 0.8 per cent in SDR terms over the three months to January to be 10.2 per cent higher over thePrices fell by 0.8 per cent in SDR terms over the three months to January to be 10.2 per cent higher over the year.

With considerable upward momentum in commodity prices, particularly for bulk commodities, the terms of trade is likely to have increased further in the first half of 2004.

Rapid growth in global steel demand has also boosted contract prices for other bulk commodities; coking coal contract prices increased, on average, by 25 — 35 per cent in US dollar terms in recent negotiations, while iron ore contract prices have risen by close to 20 per cent.

Important near - term influences on prices will be the significant increases in production costs that have occurred recently, arising from higher fuel prices, increases in a range of other commodity prices and the effect of the lower exchange rate on prices of imported inputs.

In SDR terms, the Bank's index of commodity prices increased again in the June quarter, to be about 7 per cent higher than a year earlier (Graph 27).

Thus it would seem quite possible that at some stage in the next few years, there could be some retracement of the current strength in resource commodity prices and Australia's terms of trade.

Commodity prices in SDR terms remain on a firm upward trend, buoyed by the global economic recovery and the associated pick - up in demand for raw materials.

After rising strongly over the second half of 2003, the RBA Index of Commodity Prices increased by 3.1 per cent in SDR terms over the three months to April, to be 13 1/2 per cent above its trough in May 2003 (Table 11, Graph 49).

But we were also fortunate in Australia that the boom in commodity prices and substantial rise in the terms of trade through the 2000s produced a very favourable economic environment at a time when many of the major economies moved into recession.

The decline in earnings over the past year owes largely to a fall in Australian dollar prices, as the appreciation of the Australian dollar has more than offset rising world commodity prices evident since mid last year (see section on commodity prices and the terms of trade below).

While it is impossible to be precise about the magnitude or the timing of near - term movements in commodity prices, this assumption seems reasonable on the grounds that industrialisation and urbanisation in China still has some way to run.

The decision to not release detailed documents could signal a desire for the government to shift away from the public quarterly budget updates, which are meaningless in terms of fiscal planning due to the province's dependence on fluctuating natural resource commodity prices and have become little more than public relations exercises for the government over the past two decades.