| Commodities are showing signs of life after prices fell to a 12-year low. Brent crude is poised for a bull market, climbing 2.6 percent as of 11:42 a.m. in New York on speculation that production will be curbed. The Bloomberg Commodity Index of 22 raw materials advanced 1.3 percent to 102.68, set for the best performance over three days since 2012. Sugar, copper and wheat advanced more than 2 percent.
Greece retreated from its call for a debt writedown and the Reserve Bank of Australia unexpectedly cut interest rates to a new record low, joining central banks from Canada to India that have reduced borrowing costs this year to support their economies...............................................Full Article: Source
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