Commodity prices look good despite slowdown

Commodities are proving robust in the light of the global economic slowdown, according to John Hatherly, head of global analysis at M&G. Expectations for a negative third quarter would suggest that commodity prices should deteriorate but although they are off the top they are still performing well, he says. Graham Birch, head of natural resource funds at Merrill Lynch, agrees that the overall basic resources industry is looking good. He does warn investors, however, to be focused on specific stocks as not all companies will behave the same. He adds that Merrill Lynch puts a big ...