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Five charts to watch in global commodity markets this week

(Bloomberg) -- Gold's continued surge to record highs has many market observers sleepy. The rise in oil is making it more expensive for some traders to protect themselves from soaring crude prices in what's fast becoming a very bullish market. While crop traders await a major report from the U.S. Department of Agriculture on global demand, U.S. farmers are enjoying some of the best conditions for wheat planting in years.

Morning Bidding Market Focuses on Consolidation, Not Capitulation

Asian markets on Monday aim to start the week on an optimistic note with a week filled with top economic indicators and policy decisions, as another set of U.S. job growth data that shattered expectations on Friday triggered a sharp rally on Wall Street. Asian markets on Monday will focus on Japan's trade and current account data, Malaysia's industrial production and the Philippines' interest rate decision. Japan's Nikkei 225 index is set to rebound from Friday's 2% decline, which was the biggest drop since December 2022, after falling 3.4% for the week.

Brazilian Cocoa Farms Use High Tech to Boost Sluggish Markets

(Bloomberg) -- Valuable cocoa beans poured out of what looked like a small train, passing through Brazil's tropical fruit trees, wrestling only the husks from the ground. Bloomberg's Most Read Saudis Scale Back $1.5 Trillion Desert Project Neom's Ambitions Turkey Joins NATO Allies Suspend European Arms Pact Royal Bank of Canada Fires Chief Financial Officer Jae-Hyun Ahn After Investigating Personal Ties Trumpism Is Hollowing Out Churches KRONKER -紥尅伯格的财富超过埃隆-馬尅的財富 for the first time since 2020 Machines Bring New Opportunities.
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