What to Watch in Commodities: Iran, Big Oil, Miners, Gold, Crops
- Shell, Exxon, Barrick set to report; crop data due from Europe
- Trump, Rouhani trade barbs as U.S. set to reimpose sanctions
It’s getting ugly out there. Commodities are getting shaken up as investors fret about the fall-out from the global trade war, and as the White House turns up the heat against Iran. President Donald Trump just fired off a blunt, tweeting a threat to counterpart Hassan Rouhani, and U.S. Secretary of State Michael Pompeo upped the ante with his own remarks in California.
Against that backdrop, this week is one of the busiest of the quarter as earnings pour in. Big Oil heads the list, with Royal Dutch Shell Plc and Exxon Mobil Corp. among those reporting. With base metals under pressure and gold offering little haven, watch for outlooks from Freeport-McMoRan Inc., Anglo American Plc, Barrick Gold Corp. and Newmont Mining Corp. Rounding out the picture, we’ll see how crops are doing on both sides of the Atlantic.