Weekly Fundamentals - Short-term Rebound Driven by EU Plan, US Job Growth

Reversing weakness extended earlier in week, commodities generally gained on weekly basis as European leaders were about to formulate plans to recapitalize the banking system. Moreover, non-standard easing measures were announced by the ECB and the BOE in the hope of stimulating recovery. Positive surprises on the dataflow also helped boost market sentiment. However, bullishness will likely be temporary unless policymakers find ways to strengthen fiscal reform and improve the economy.

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Weekly Fundamentals - Short-term Rebound Driven by EU Plan, US Job Growth

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