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Commodity market decreased slightly in November due to macroeconomic uncertainty

Posted on 12 December 2013

Commodities were lower in November due to uncertainty regarding the future of US stimulus measures. Nelson Louie , Global Head of Commodities in Credit Suisse’s Asset Management business, said, ‘There is increasing optimism among some economists that global GDP will accelerate from a trough of 2.8% in the third quarter of 2013 to higher levels in 2014, driven by stronger than expected growth in the US and a continuing recovery in Europe .
This is potentially the first significant acceleration in global growth in three years and may be supportive of global commodity demand. While key macroeconomic risks have recently diminished and the economic tide appears to have shifted, significant changes to expectations may negatively impact markets, including commodities.’ (Press Release)


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