Global Economic Prospects 2015

The global economy is still struggling to gain momentum. Read more ...

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Global Daily: U.S. private sector job growth disappoints

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Financial Markets

Romania's central bank unexpectedly cut its key interest rate on Wednesday for the seventh consecutive session to a new low.  The Board of the National Bank of Romania reduced the monetary policy rate to 1.75% from 2.00%.  Economists had expected the bank to leave rates unchanged following a quarter-point reduction in March.  The central bank has lowered the rate steadily from 3.50% in six quarter-point reductions since August 2014.

World Bank published latest commodity prices: May 2015

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In April 2015, energy prices surged by 6.1%, while the prices of non-energy commodities slipped by 0.5%. Food prices were down by 0.8%. Beverages went up by 1.1%. Raw materials decreased by 1.5%, and fertilizers dropped by 2.9%. Metals and minerals rose by 0.5%, and precious metals increased by 1.5%.

To access recent and long-term historical prices and other commodity-related information, please click here.

Global Daily: U.S. factory orders climb in March

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The European Central Bank (ECB) said it reached its purchase target of €60 billion in the second month of its bond-buying program. The ECB settled €47.7 billion of public-sector purchases in April, and filled the rest of the monthly quota with covered bonds and asset-backed securities. The weighted average maturity of the sovereign and supranational debt bought under the plan fell to 8.25 years in April from 8.56 years a month ago. German debt accounted for the biggest contribution to public-sector asset purchases.

Global Daily: U.S. manufacturing growth remains unchanged in April

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Financial Markets

U.S. Treasuries prices fell on Friday, extending an April slump, as a sell-off in European government bonds continued to diminish investor appetite for relatively higher U.S. yields. The Treasury 10-year note yield climbed 7 basis points to 2.10% after touching a seven-week high of 2.121% earlier. Investors cut their holdings of U.S. government debt in April, as hefty debt supply and growing optimism about Europe reduced safe-haven appeal of U.S. Treasuries, German bunds, and British gilts.

Global Daily: Eurozone consumer prices remain flat in April

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Financial Markets

Oil prices edged higher on Thursday, set for their biggest monthly gain in nearly six years, as a weekly drop in U.S. oil stockpiles for the first time in months reinforced expectations that U.S. crude supplies are near a peak. U.S. crude for June delivery rose 0.8% (or 48 cents) to $59.08 a barrel after touching this year’s high of $59.40. Meanwhile, Brent crude for June settlement, the global benchmark, gained 0.7% (or 47 cents) to trade at $66.29 a barrel. Despite recent rally, oil prices are still more than 40% below their June 2014 high