Global Economic Prospects 2014

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Prospects Daily: Developing-country shares extend gains on easing concerns over Ukraine, German ZEW investor confidence lowest since August, Turkey leaves key policy rates unchanged

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Financial Markets…Developing-country stocks advanced for a second day on Tuesday, leading a global stock rally, as concerns over the Ukrainian conflict eased after Russian President Vladimir Putin said he did not want to split up its neighbor.  The benchmark MSCI Emerging Market Index rose 0.7% with the Russia’s Micex index surging 4.1%, building on yesterday’s gains.  Indian shares climbed to record highs amid strong demand by foreign investors, and benchmark stock indexes in Hungary and Turkey posted at least 1.8% gains.

Prospects Daily: Russian stocks and bonds slump amid growing tension with Ukraine, U.K. industrial production disappoints, India’s exports fall in February

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Financial Markets…Brazilian state-run oil company Petrobras sold $8.5 billion of international bonds yesterday, as the company continued to raise funds for its massive investment plan (some $221 billion over the next five years). The transaction comprised of six tranches with four different maturities. Petrobras’ bonds accounted for 40% of total bonds sold by Latin American sovereign and corporate borrowers thus far this year. The company also issued record-breaking $11 billion worth of debt last May.

Prospects Daily: U.S. stock reaches fresh record high on jobs report, U.S. employers add 175K jobs in February despite harsh weather, Mexico’s inflation rate slows, South Africa’s reserves increase

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U.S. stock reaches fresh record high on jobs report… U.S. employers add 175K jobs in February despite harsh weather…Mexico’s inflation rate slows, South Africa’s reserves increase


Prospects Daily: Spanish and Italian borrowing costs reach multi-years lows, U.S and U.K service sectors continue to expand, China sets 2014 growth target at 7.5%

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Financial Markets… Spanish and Italian 10-year borrowing costs touched multi-years lows on Wednesday as the latest surveys showed the euro-area services and manufacturing grew more-than-expected in February, boosting demand for the region’s high-yielding bonds. Spain’s 10-year bond yield fell as much as 9 basis points to 3.35%, the lowest level since October 2005. Improving creditworthiness of the two countries drove their 10-year government bond yields to below 4% this year for the first time since 2010.

World Bank published latest commodity prices: March 2014

John Baffes's picture
In February of 2014, energy prices increased by 2.5% and the prices of non-energy commodities also increased by 1.9%. Food prices were up by 3.6% as beverages skyrocketed by 10.4%. Raw materials were off by 0.3% while fertilizers climbed by 1.6%. Metals eased by 2.2%, while precious metals jumped by 4.4%.
To access recent and long-term historical prices and other commodity-related information, please click here.