Weekly Fundamentals - Protests in Egypt Lifted Commodity Prices

The financial markets made dramatic changes on Friday as protests in Egypt escalated. Equities plunged while safe-haven assets including the US dollar, bonds and gold jumped amid risk aversion. Oil prices also rebounded strongly as investors worried that protests will spread to the Middle East, affecting oil shipment from the OPEC. With the exception of agricultural products, commodities generally traded choppily for most of the week. While the Fed pledged its accommodative monetary stance and macroeconomic data continued to show improvements, potential tightening in emerging countries, especially China and India, raised worries about the demand outlooks.

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Weekly Fundamentals - Protests in Egypt Lifted Commodity Prices