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Commodity prices strengthen in January

Posted on 21 February 2014

Scotiabank’s Commodity Price Index rallied back by 3.3% month-over-month (m/m) in January, after dropping sharply in late 2013. “Commodity prices are in the process of bottoming,” said Patricia Mohr, Scotiabank’s Vice President of Economics and Commodity Market Specialist.
“Prospects for a pick-up in the U.S. economy in 2014 and a slow recovery in Europe — in the context of a Chinese economy still growing by more than 7% — point to reasonable demand growth going forward, offsetting the challenges faced by some emerging markets in dealing with capital outflows linked to U.S. Fed tapering.”……………………………………….Full Article: Source


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