Copper prices reaching record highs due to demand from electrification and strategic stockpiling by China. Top stock picks include ANFGF, FCX, and TECK.
Goldman Sachs sees potential for further rise in Chinese stocks due to improving macroeconomic performance and policy support, with a 60% probability of continuing gains and potential average returns of 35% in the next 6 months.
China launches anti-dumping probe on plastics from US and EU, possibly as retaliation for Biden's recent tariffs. Chemical companies affected include Celanese, BASF, DuPont, Mitsubishi, Asahi Kasei, and SABIC.
Pinduoduo (PDD) will report Q1 earnings on Tuesday. Technical indicators and positive news support a bullish outlook, with analysts predicting higher margins and overseas market expansion. $248 price target set by UBS.
World shares, gold, and Copper began the week near record highs, driven by investor optimism from slower inflation, economic growth, and China's property crisis efforts.