Market Talk – April 21, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 450.36 points or -1.30% to 34,279.92 • Shanghai increased 14.70 points or 0.45% to 3,291.43 [...]
Moody’s Warns of 30% Rise in Commodity Based Company Bankruptcies in 2016
The commodity industry is bracing for a high year of bankruptcy and default filings that will impact mining and metals along with oil and gas. Moody’s has also warned of global speculative-grade corporate defaults that will increase by more than 30% in 2016, reaching the highest level since 2009. Those interested in mining shares should pay close attention to what they are buying. Until gold crosses that key resistance, we still have only a typical three-month reaction. A rally must extend beyond March to be impressive.
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