Credit Suisse: inflationary pressures will wreck commodities boom

Hankey's re-branded UK Thematic fund is currently 13pc underweight commodities - including the miners Rio Tinto, BHP Billiton and Xstrata - compared to the FTSE All-Share benchmark. According to Hankey, we will soon see a slowdown in demand for oils and metals in emerging markets, such as China, as governments take action to curb rising inflation. He pointed out how nickel and zinc are forecast to be in surplus in this calendar year. With reference to UK-listed stocks, Hankey also pointed to evidence of slowing demand in developed markets. He said: "Up until recently we haven't see...