BFW 05/24 23:14 *GOLDMAN SACHS SAYS IT'S MOST BEARISH ON COPPER
BFW 05/24 23:14 *GOLDMAN SEES OIL PRICES WEAKENING IN 3Q TO LOWS SEEN IN 1Q
BFW 05/24 23:13 *GOLDMAN COMMENTS ON COMMODITIES OUTLOOK IN E-MAILED REPORT
BFW 05/24 23:12 *GOLDMAN SACHS CUTS COMMODITIES INDEX FORECAST OVER 12 MONTHS
BFW 05/24 23:14 *GOLDMAN SEES OIL PRICES WEAKENING IN 3Q TO LOWS SEEN IN 1Q
BFW 05/24 23:13 *GOLDMAN COMMENTS ON COMMODITIES OUTLOOK IN E-MAILED REPORT
BFW 05/24 23:12 *GOLDMAN SACHS CUTS COMMODITIES INDEX FORECAST OVER 12 MONTHS
Goldman Cuts Commodities Outlook as Recovery Seen Temporary
2015-05-24 23:52:31.743 GMT
By Jasmine Ng
(Bloomberg) -- Bank cuts 12-month total return forecast for
S&P GSCI index to -7.5%, according to e-mailed report dated May
22.
* Goldman says “bearish themes” of deflationary pressure
from oil prices, divergence of U.S. economic growth/U.S.
dollar and deleveraging and rebalancing in emerging markets
will reassert themselves
* As bearish long-term macro themes return, bank sees downside
pressure on commodity prices re-emerging
* Most bearish on copper, which is most exposed
* Sees oil prices in 3Q falling to levels seen in 1Q
* Cuts U.S. natgas price forecast for 2016 to $3.50/mmBtu from
$3.80/mmBtu previously
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To contact the reporter on this story:
Jasmine Ng in Singapore at +65-6212-1531 or
jng299@bloomberg.net
To contact the editor responsible for this story:
Alexander Kwiatkowski at +65-6212-1329 or
akwiatkowsk2@bloomberg.net
2015-05-24 23:52:31.743 GMT
By Jasmine Ng
(Bloomberg) -- Bank cuts 12-month total return forecast for
S&P GSCI index to -7.5%, according to e-mailed report dated May
22.
* Goldman says “bearish themes” of deflationary pressure
from oil prices, divergence of U.S. economic growth/U.S.
dollar and deleveraging and rebalancing in emerging markets
will reassert themselves
* As bearish long-term macro themes return, bank sees downside
pressure on commodity prices re-emerging
* Most bearish on copper, which is most exposed
* Sees oil prices in 3Q falling to levels seen in 1Q
* Cuts U.S. natgas price forecast for 2016 to $3.50/mmBtu from
$3.80/mmBtu previously
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Jasmine Ng in Singapore at +65-6212-1531 or
jng299@bloomberg.net
To contact the editor responsible for this story:
Alexander Kwiatkowski at +65-6212-1329 or
akwiatkowsk2@bloomberg.net