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Prospects Daily: Moody's downgrades 21 European commercial banks -- heating up the financial crisis

Global Macroeconomics Team's picture

Important developments today:

1. Moody’s downgrades 12 U.K. banks and 9 Portuguese institutions

2. U.S. employment growth in September bests economists’ estimates

3. German output falls less-than-expected after July’s surge; but orders slow

 

World published latest commodity prices: October 2011

John Baffes's picture

In September 2011 energy prices were up marginally.  Non-energy prices fell further by 2.5%; food prices were down by 1.0%; beverages dropped by 3.0%; raw materials prices declined by 1.5%; metals dropped by 4.8%; fertilizers were up by 2.2%.  The US dollar appreciated 4.1% against the euro and 2.9% against a broad index of currencies.
 

 

Indices of Nominal US$ Prices, Percent  Changes (August to September 2011).

 

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