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World Bank published latest commodity prices: July 2014

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In June of 2014, energy prices increased by 1.9% and the prices of non-energy commodities decreased by 1.6%. Food prices were down by 2.7%. Beverages went down by 2%. Raw materials remained unchanged while fertilizers were down by 0.1%. Metals decreased by 0.6%, while precious metals decreased by 0.1%

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

Prospects Daily: U.S. Treasuries fall on strong jobs data, U.S. private sector monthly job growth at 20-month high, Brazil’s industrial production falls again in May

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Financial Markets

U.S.Treasuries prices dropped for a second day on Wednesday after a private report showed stronger-than-expected private-sector jobs figures in June. Robust U.S. private-sector employment report increased expectations for tomorrow’s nonfarm payrolls report from the U.S. government. The benchmark 10-year yield climbed 5 basis points (bps) to 2.61%, the highest level since June 24, while the 30-year bond yield traded flat at 3.44%.

Prospects Daily: Bulgarian banking woes ease, U.S. pending home sales jump, Mexico’s trade surplus narrows

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Financial Markets

Bulgaria’s banking crisis alleviated on Monday after the European Union approved the country’s request to provide 3.3 billion levs ($2.3 billion) in state aid for lenders as a precautionary measure. The government appealed for calm and arrested people suspected of trying to disrupt the country’s banking system. Led by banking shares, the country’s benchmark stock index (Sofix) climbed 4.2% today, posting the biggest gain in the world and recovering from a six-month low level reached last week.

Prospects Daily: Bulgaria issues its first sovereign bond in two years, U.K. GDP increases in Q1,Turkey’s consumer confidence falls again in June

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Financial Markets

Investors are returning to developing-country exchange traded funds (ETFs) as emerging market assets are among the main beneficiaries of a renewed rush for riskier assets. Asset managers have put nearly $11 billion into developing-nation ETFs listed in the U.S. in Q2 after pulling $31 billion from them in the first quarter amid the end of easing U.S. monetary policy and global risk aversion.

​Prospects Daily: European shares fall as German business confidence weakens, U.S. consumer confidence and new home sales hit post-crisis highs, Turkey’s central bank cuts benchmark interest rate again

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Financial Markets
 
European stock markets retreated on Tuesday after a survey showed German business confidence was dwindling.  The Stoxx Europe 600 Index fell 0.2% with Germany’s DAX and U.K.’s FTSE 100 index sliding at least 0.1%.  But the benchmark Stoxx index is gearing for a third monthly gain, supported by the European Central Bank’s unprecedented stimulus measures that were unveiled in early June. 
 

Prospects Daily: Euro-area money market rates drop to record low…Italian new orders jump…Malaysia’s consumer price inflation slows for second consecutive month

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Financial Markets
 
The rate banks in the Eurozone charge one another to borrow overnight, known as Eonia, fell to a record low as the European Central Bank decided to charge a negative interest on overnight bank deposit in an effort to boost the cash liquidity into the economy and curb the threat of deflation.  The Eonia index rate was set at an all-time low of 0.01% after markets closed yesterday, compared with an average for this year of 0.19% and a record high of 5.75% reached in April 2001.
 

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