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Scotiabank commodity price index rebounds in January after year-end decline

Posted on 28 February 2013

Commodity prices started the year on a stronger note, rising 3.8 per cent month-over-month in January after losing significant ground late in 2012, according to the Scotiabank commodity price index.
“Riskier assets such as commodities and equities were buoyed in January by the 2012 fourth-quarter improvement in China’s economy,” the bank’s commodity market specialist Patricia Mohr said in remarks accompanying the release of the index Wednesday. “However, market conditions remain skittish, with some industrial commodity prices and equity markets easing back again in late February.”……………………………………….Full Article: Source


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