Global Economic Prospects 2015

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

Development Prospects

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

Global Economic Monitor

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

Global Macroeconomics Team's picture
Financial Markets

The euro fell for a fifth day versus the dollar on Wednesday ahead of the European Central Bank policy meeting tomorrow, which will provide more details on €60 billion a month stimulus plan. The single currency was trading 0.8% lower against the dollar at $1.1086, approaching its 11-year low of $1.1098 last reached on January 26 this year. The euros’ lingering weakness is likely to reflect a growing divergence in growth and monetary policy outlook between Europe and the U.S.

World Bank published latest commodity prices: March 2015

John Baffes's picture
In February 2015, energy prices increased by 11.7%, while the prices of non-energy commodities went down slightly by 1.5%. Food prices were down by 2.3%. Beverages declined by 1.7%. Raw materials increased by 2.0%, and fertilizers dropped by 3.1%. Metals and minerals decreased by 1.9%, and precious metals slipped by 2.1%.
To access recent and long-term historical prices and other commodity-related information, please click here.

Global Daily: Ukraine hikes policy rate to 30%

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Financial Markets

U.S. stocks retreated on Tuesday, with the Dow Jones Industrial Average and S&P 500 index easing back from their record closing highs on Monday, while the dollar weakened against a basket of major counterparts.  European and Asian stocks were mostly weaker as investors were cautious of a potentially overheating market.  The benchmark MSCI World stock index slipped 0.2%.  The dollar index (DXY), which tracks the greenback against a group of six major currencies, fell 0.25% from its 11-year peak to 95.214.