Economics
Global Factory Boom Sends Commodities Prices Soaring
- Rising raw material prices could pose risks for central banks
- Blackstone lists an oil rally among its top 2018 surprises
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The strongest manufacturing activity since the aftermath of the global financial crisis is slowly draining commodities surpluses, sending prices to a 3-year high as investors pour money into everything from oil to copper.
"Rarely has the outlook for a New Year been as encouraging as it is today," said Holger Schmieding, chief economist at Berenberg Bank in London.