{"id":15987,"date":"2012-10-30T08:12:00","date_gmt":"2012-10-30T06:12:00","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/update-1-blackrock-says-china-u-s-to-power-commodities-markets\/"},"modified":"2012-10-30T08:12:00","modified_gmt":"2012-10-30T06:12:00","slug":"update-1-blackrock-says-china-u-s-to-power-commodities-markets","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-blackrock-says-china-u-s-to-power-commodities-markets\/","title":{"rendered":"UPDATE 1-BlackRock says China, U.S to power commodities markets"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* BlackRock says China, U.S. support commodities growth<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Downplays impact of Euro-crisis on demand<\/p>\n<p><span><\/span><\/p>\n<p>* Overweight in iron ore equities<\/p>\n<p><span><\/span><\/p>\n<p>By James Regan<\/p>\n<p><span><\/span><\/p>\n<p>SYDNEY, Oct 30 (Reuters) &#8211; BlackRock Inc, the<br \/>\nworld&#8217;s largest money manager, downplayed the impact of Europe&#8217;s<br \/>\nfinancial woes on commodities markets on Tuesday, and said<br \/>\nrobust Chinese demand and an improving U.S. economy will support<br \/>\ngrowth.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The U.S. has been a big surprise to the upside, not of the<br \/>\norder of Chinese GDP growth numbers&#8230; but it is much better<br \/>\nthan many people had expected at the beginning of the year,&#8221;<br \/>\nCatherine Raw, co-manager of BlackRock&#8217;s BGF World Mining Fund<br \/>\ntold reporters on a media call on Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The euro zone crisis, at least for the moment seems less of<br \/>\na concern,&#8221; Raw said.<\/p>\n<p><span><\/span><\/p>\n<p>BlackRock manages about $3.67 trillion of funds across<br \/>\nequity, fixed income, cash management and other sectors, while<br \/>\nits BGF fund manages $11 billion of mining stocks.<\/p>\n<p><span><\/span><\/p>\n<p>BGF&#8217;s biggest holdings include Rio Tinto ,<br \/>\nwhich makes up 9.3 percent of the fund, and BHP Billiton<br \/>\n , which makes up 8 percent, according to a<br \/>\nSeptember 30 entry on the company&#8217;s website.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* BlackRock says China, U.S. support commodities growth * Downplays impact of Euro-crisis on demand * Overweight in iron ore equities By James Regan SYDNEY, Oct 30 (Reuters) &#8211; BlackRock Inc, the world&#8217;s largest money manager, downplayed the impact of Europe&#8217;s financial woes on commodities markets on Tuesday, and said robust Chinese demand and an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15987"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15987\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}