Citi says there is a temporary window in commodity markets to make some money, with the broker betting that iron ore prices could hit $US120 a tonne if China continues with its stimulus blitz.
“Market expectations are already high, especially in the onshore sharemarket, where frequent policy announcements could spur further short covering.” Morgan Stanley agreed that iron ore above $US100 a tonne reflected fundamentals and said there was scope for prices to climb further this year.
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Fonte: FinancialReview - 🏆 2. / 90 Consulte Mais informação »