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Prospects Daily: Developing-country stocks and currencies extended losses on China concerns, OECD trims growth outlook for developed nations, Turkey’s unemployment rate rises in June

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Financial Markets

Emerging-market benchmark stock index fell for the eighth day and currencies continued to weaken as China’s factory output expanded at the slowest pace since the global financial crisis. The MSCI Emerging Market Index fell 0.8% in afternoon trading, heading for the longest losing streak since last November. A gauge tracking developing-country currencies slid for the sixth day to the lowest level since 2009 with Malaysia’s ringgit and Russia’s ruble depreciating 1% against the dollar.

Prospects Daily: Eurozone industrial production recovers in July,The dollar rallies on Fed rate outlook, Chinese bank lending bounce back in August

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Financial Markets

The dollar is heading for its ninth consecutive week of strengthening as robust U.S. retail sales in August bolstered the case for the Federal Reserve to raise interest rate. The dollar index, a measure of the greenback versus a basket of six major currencies, is on course for its longest run of weekly advances since the first quarter of 1997. Meanwhile, the greenback’s gains have pushed dollar-linked commodity prices lower, with oil prices sliding to the lowest levels in two years and gold tumbling to an eight-month low.

Prospects Weekly: Labor market indicators continue to improve in the US, Euro Area labor markets remain weak

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Continued momentum of US economic activity in the third quarter was mirrored in a strengthening labor market, despite a temporary fall in new payroll employment. The Euro Area labor market continues to remain weak amid falling inflation, creating the conditions for additional monetary easing.

Prospects Daily: Dollar strengthens while U.S. stocks and bonds fall on rate hike concerns, BoE Chief hints rate increase in spring 2015, South Africa’s current account deficit widens to 9-month high

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Financial Markets

The dollar rose to a 14-month high against the euro and surged to nearly a six-year high versus the yen as better U.S. economic data fueled speculation the Federal Reserve may begin raising interest rates earlier than expected, a view that pushed U.S. Treasury prices lower for a fourth day and weighted negatively on stock markets. The greenback has also benefited from diverging economic and monetary policy outlooks.

Prospects Daily: ​U.S. Treasuries gain and dollar falls on weaker jobs report, Eurozone stagnates in Q2, Brazil industrial production increased for the first time in six months

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Financial Markets
U.S. Treasuries advanced and the dollar weakened after a report showing weaker job growth in August boosted speculation that the Federal Reserve will maintain monetary accommodation for the time being. The benchmark 10-year Treasury yield slid 2 basis points (bps) to 2.44%, after climbing to an almost 1-month high of 2.47% earlier. The dollar fell from a nearly 6-year high versus the yen in early trading, and the greenback also scaled back from a 14-month high against the euro.

World Bank published latest commodity prices: September 2014

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In August 2014, energy prices decreased by 4.5% and the prices of non-energy commodities went down slightly by 0.6%. Food prices were down by 0.8%. Beverages went up by 2.5%. Raw materials went down by 3.4% while fertilizers were up by 3.3%. Metals and minerals decreased by 0.2%, and precious metals by 2.1%.
To access recent and long-term historical prices and other commodity-related information, please click here.
Indices of Nominal US$ Prices, Percent Changes (m/m).