Commodities Shrug Off Brexit on Path to Best Quarter Since 2010

Raw materials index outpaces dollar, stocks, bonds in quarter.

by Sharon Cho and Dan Murtaugh (Bloomberg)
Mine Web

Commodity investors aren’t letting the shock of Brexit spoil their best three months since 2010.

While the UK’s vote to leave the European Union has whipsawed markets, raw materials have still outperformed stocks, bonds and the dollar in the second quarter with a return of 13%. The Bloomberg Commodity Index entered a bull market this month as oil advanced above $50 a barrel and prices of everything from soybean meal to zinc rallied. The index is still down about 50% from the high reached in 2011.

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