Hedge funds cut bullish copper bets by the most in a month on concern that a supply surplus will return as demand growth slackens in Europe and China.
Standard Life Investments said it isn’t tempted to buy Greek, Portuguese and Irish securities as they get cheaper and yields surge, given it remains skeptical about the fiscal outlook for Europe’s most indebted nations .
Hedge funds lowered bullish bets on gold for a fourth week, the longest streak this year.
Hedge funds reduced bets that crop prices will reverse their longest retreat since January as U.S. sowing accelerated and concerns about dry weather eased.
European stocks posted their worst weekly slump in a month amid a global rout that sent technology shares tumbling.
For all the fears of a Japan-style era of deflation, a more likely threat for Europe is what International Monetary Fund officials are calling lowflation.
"Gold is a cheap way of hedging against the economic risk, and it also does not hurt to hedge against violence in the Middle East and eastern Europe."
- Frances Hudson on Jul 30, 2014
Hudson Says Some European Stocks Thrive