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MORNING VIEW: Base metals prices mixed as markets face cross currents Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Tuesday March 9, with prices generally consolidating after recent weakness, while there are cross currents in the form of bond yields, stimulus and inflation expectations affecting sentiment. Brent crude oil prices dip back below $70 per barrel after Monday’s move above $71 per barrel Inflationary expectations running high on the back of widespread monetary and fiscal policy Base metals LME thr...

Base metals prices on the London Metal Exchange were mixed this morning, Tuesday March 2, while on the Shanghai Futures Exchange they were mainly weaker.

At the interbank forex market, the local unit opened at 72.61 against the greenback and witnessed an intra-day high of 72.57 and a low of 72.69.

Base metals prices were putting in a strong performance on the last trading day before the Chinese New Year holiday, with all the metals, with the exception of an already strong tin, seeing gains this morning, Wednesday February 10.

The information content of capital controls Image Capital controls, residency-based or currency-based measures used to regulate cross-country financial flows, are increasingly considered part of the standard financial stability policy toolkit for many emerging markets and developing economies (EMDEs). During the first quarter of 2020, the COVID-19 crisis caused unprecedented capital outflows from EMDEs, further highlighting the need for better understanding of capital flow management. A widely held view in the recent academic literature and policy institutions is that national authorities can...