Dear Subscriber,

A 4.4% increase in the benchmark to $47pb indicates an intention to increase expenditure and reduce fiscal spending. This is an impudent but economically rational move.

Oil prices slipped 0.26% in sympathy with a 5% slump in copper prices. Copper is a bellwether commodity in the global commodity index.

Attached is a synopsis of the commodities market for the week

Enjoy your read!