Hints and tips:
...Like his mentor Mr Kovner and his friend Paul Tudor Jones, Mr Bacon cut his teeth at what was arguably the first global macro hedge fund: Commodities Corporation, in Princeton, New Jersey....
...Additional reporting by Michael Hunter in London and Edward White in Taipei For market updates and comment follow us on Twitter @FTMarkets...
...Commodity stocks are rising, helping to support a rally on European stock markets, in line with the strength in oil and metals prices, while wider sentiment is also benefiting from sustained gains on Wall...
...The Stoxx 600 oil and gas index is up 0.8 per cent, with BP 0.8 per cent stronger and commodities trader Glencore up 0.9 per cent....
...Mining companies in Australia jumped after commodity prices rose to a three-year high....
...Metals stocks are also higher, as a rally for hard commodities prices continues in China, where iron ore is up a further 2.5 per cent....
...Additional reporting by Michael Hunter in London and Hudson Lockett in Hong Kong For market updates and comment follow us on Twitter @FTMarkets...
...Iron ore on China’s Dalian Commodity Exchange snapped three days of gains, falling 1.4 per cent to Rmb587.0 after data showed Chinese imports of the steel ingredient fell in July compared to the previous...
...The Xetra Dax 30 in Frankfurt is up 0.1 per cent, but London’s FTSE 100 is down 0.1 per cent as resource stocks are taking a toll on the UK index, in line with weaker commodity markets....
...In recent weeks, FT markets has written extensively on the twists and turns seen across currencies, bonds, shares and commodities around the UK referendum on the EU....
Wall Street cautious before payrolls data
...The badly battered sector has attracted “bargain” hunters as fear over the financial condition of Deutsche Bank wane and after JPMorgan chief executive Jamie Dimon showed his faith last week by purchasing...
...There was not much interest then, other than from asset-strippers and subsidy-hunters. The position now is worse. What can be done?...
...One lucky bargain hunter was able to pick up a flatbed truck for moving drilling rigs — worth about $400,000 new — for just $65,000....
...The 2.7 per cent fall was the biggest daily decline for the commodity index since July 6....
...It floated in May 2011 at 530p, becoming a symbol for the commodities boom. The stock now looks more emblematic of the wider sector’s mauling at the hands of sliding commodity prices....
...Of the three commodities brought by wise men for the infant Jesus, only gold still matters in the modern world....
...Policy-wise, Beijing may give an extra boost to the outward investment boom....
...Once described as the Hunter S Thompson of activist letter writing, Dan Loeb has gained a much-feared reputation for the vitriolic letters he sends to chief executives of public companies....
...It is also expected to focus more on infrastructure and commodities investments, hoping to generate steady streams of cash flow....
...Antony Jenkins of Barclays may also think it wise to make a pilgrimage to Doha for an audience. The wealth fund retains a 6.7 per cent stake in the bank....
...Natural gas epitomised the “widow maker” trade of the 2000s after a series of big bets went wrong in the notoriously volatile commodity....
...Like Mr Brown, Mr Osborne is right to point to global events, particularly the rise in commodity prices and the crisis in the eurozone. Yet he is wrong to ignore his errors....
...The Multi Commodity Exchange, backed by entrepreneur Jignesh Shah’s Financial Technologies group, is now India’s largest commodities bourse by volumes....
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