Global Economic Prospects 2014

Five years after the financial crisis, the world economy is showing signs of bouncing back. Read more ...

Development Prospects

Providing information, analysis, and advice on global trends in the world economy.  Find out more ...

Global Economic Monitor

Now free. Daily and monthly updates on global economic developments and relevant topical issues. Find out more ...

Syndicate content

​Prospects Daily: Chinese shares rally on Shanghai-Hong Kong stock trading link, Ruble free floats, Turkey’s industrial production expands more than expected in September

Global Macroeconomics Team's picture
Financial Markets

China stocks surged and led the most of Asian shares higher on Monday, after regulators announced a long-awaited stock trading link between Hong Kong and Shanghai will start next week. The Shanghai Composite Index advanced 2.3% to the highest level since November 15, 2011, while the Hang Seng Index gained 0.8%. The so-called Stock Connect trading scheme will allow global funds to buy into an estimated $2 trillion worth of mainland stocks. It is one of China’s major efforts to open up its tightly-controlled capital markets.

​Prospects Daily: Russia’s ruble rallies after a four-day retreat, Germany’s industrial output rises less than expected, Hungary’s trade surplus increases unexpectedly

Global Macroeconomics Team's picture
Financial Markets

Russia’s ruble rallied on Friday snapping a four-day retreat, amid mounting speculation the central bank will take new measures to help the currency recover some of the worst weekly losses in five years as geopolitical tensions worsens in Ukraine’s east. The currency traded nearly 2% higher than yesterday’s closing against both the dollar and the euro in volatile afternoon trading, after falling more than 3% against both currencies in earlier today.

​Prospects Daily: Euro slide to 2-year low, ECB keeps interest rates unchanged, Russia’s October Services PMI drops

Global Macroeconomics Team's picture
Financial Markets

The euro fell to as low as 1.2396 against the dollar, the weakest level since August 2012, as European Central Bank president Mario Draghi reassured of additional stimulus measures if needed to shore up the struggling Euro Area economy. The shared currency slid 0.4% versus the yen to 142.55 after having touched a 10-month high earlier today. With the euro at a 26-month low, the region’s high-yielding government bonds advanced on the expectation that the ECB will now be able to maneuver through significant policy easing.

World Bank published latest commodity prices: November 2014

John Baffes's picture
In October 2014, energy prices declined sharply  by 8.9%, and the prices of non-energy commodities decreased as well by 1.0%. Food prices were down by 0.4%. Beverages increased by 2.1%. Raw materials went down by 1.2% and fertilizers were slightly down by 0.6%. Metals and minerals decreased by 2.9%, and precious metals by 2.3%.
 
To access recent and long-term historical prices and other commodity-related information, please click here.
 

Prospects Daily: Japan’s vehicle sales continue to decline in October, Brazil’s industrial production unexpectedly falls

Global Macroeconomics Team's picture
High Income Economies

Japan’s domestic auto sales continued to fall for the third consecutive month in October, down 9.1% (y/y) from -2.8% in September, data from the Japan Automobile Dealers Association showed. Auto sales, as measured by registrations of vehicles with the government, are monitored by economists since they are the first consumer spending numbers released each month.

​Prospects Daily: Gold price falls to near four-year low, Eurozone’s manufacturing PMI revised down, Turkey’s inflation exceeds forecasts

Global Macroeconomics Team's picture
Financial Markets

Gold prices traded around a 4-year low as strengthening of the dollar dampened bullion’s appeal as a hedge against risk. Gold for December settlement fell 0.1% to $1,170.66 an ounce on the New York Commodity Exchange after tumbling as much as 0.9% to $1,161 earlier today. Other precious metal also fell, with silver futures dropping as much as 2.3% to $15.74 an ounce before rebounding. Silver prices dropped last Friday to the lowest level since February 2010.

Prospects Daily: Treasury yield curve becomes flattest since November 2012, U.S. Q3 GDP growth beats expectations, Brazil unexpectedly increases interest rates

Global Macroeconomics Team's picture
Financial Markets

The difference between short-and long-term U.S. Treasury yields, known as the yield curve, fell to the lowest level since 2012 on speculation the Federal Reserve will hike interest rates sooner than expected while inflation remains muted. The 2-year Treasury yield rose 1 basis point to 0.49%, while the 30-year Treasury yield slid 3 basis points (bps) to 3.02%. Accordingly, the gap between them shrank to 2.53% (or 253 bps), the least level since November 2012.

Pages