Stronger dollar attracts global commodities firms

Sep 11, 2013 | 01:35 PM | Andrea Hotter

Tags  Currency, dollar Luvata, Jyrki Vesaluoma, U.S. economy, aluminum, copper, Europe, KCG Europe Ioan Smith

NEW YORK — Europe may be a cheap investment location for savvy equities investors, but the improving outlook in the United States is making the world’s biggest economy a lot more attractive to commodities companies.

Industry executives and economists said that while European stocks are seeing fund inflows reach multi-decade highs, the United States is experiencing a revival on the productivity side, particularly after the U.S. Federal Reserve signaled the era of cheap money was coming to an end.

"Europe has lost due to low growth and a weak economic activity level, especially in southern Europe, although indicators for Europe have improved lately. Generally, productivity in the U.S. has been better than in Europe, which also makes the U.S. more attractive than Europe," Luvata UK Ltd. chief financial officer Jyrki Vesaluoma said.....





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