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November 2010

Prospects Daily: Important developments today:

Global Macroeconomics Team's picture

Important developments today:

1.  Global markets: stocks retreat, the dollar and oil advance

2.  U.S. trade deficit narrows on strong export gains

3.  U.S. initial claims drop to lowest level in 4 months

4.  Industrial production in France and Italy weak in September

5.  Japanese consumer sentiment weakens further

 

Global Commodity Watch: October 2010

John Baffes's picture

Non-energy commodity dollar prices in October rose for the fourth straight month, up 3.3 percent, mainly reflecting a weaker dollar—down 6.2 percent versus the euro and 3.5 percent against a basket of currencies. Dollar prices rose across commodity sectors, including agriculture, metals, fertilizers—and oil.

World Bank publishes latest commodity prices: October 2010

John Baffes's picture

The World Bank has just published the latest commodity prices for October 2010. Most commodity price indices (measured in U.S. dollar) recorded large gains, partly explained by a 3.5% depreciation of the U.S. dollar against major currencies. Energy prices increased 6.3% while non-energy prices gained 3.3%. Food prices gained 6.2% while beverages increased only 0.6%. Raw materials prices rallied 7.9% (led by cotton). Metals and fertilizers prices increased 7.9% and 5.2%, respectively.