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Prospects Daily: Important developments today:

Global Macroeconomics Team's picture

Important developments today:

1.  Global markets: stocks retreat, the dollar and oil advance

2.  U.S. trade deficit narrows on strong export gains

3.  U.S. initial claims drop to lowest level in 4 months

4.  Industrial production in France and Italy weak in September

5.  Japanese consumer sentiment weakens further


Global Commodity Watch: October 2010

John Baffes's picture

Non-energy commodity dollar prices in October rose for the fourth straight month, up 3.3 percent, mainly reflecting a weaker dollar—down 6.2 percent versus the euro and 3.5 percent against a basket of currencies. Dollar prices rose across commodity sectors, including agriculture, metals, fertilizers—and oil.