Commodities may be signalling a brighter economic prospect
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
“The Standard & Poor’s GSCI commodity price index has fallen by 12% in US dollar terms so far in 2014.”
Summary below by Anthony O'Brien
Falling commodity prices is widely viewed as evidence of a weak global economy. But not always!
The S &P’s GSCI commodity price index has fallen 12% in US dollar terms in 2014. Crude oil has led the decline, dropping 16%, but food prices have also weakened – the UN Food & Agriculture Organization index is down 7%, with dairy prices slumping 29%.
The poor performance of this basket of commodities partly reflects a stronger US dollar – the Federal Reserve’s broad trade-weighted index has risen 5%.
Yet commodity price weakness has not been universal. In particular, the S&P GSCI base metals index – dominated by copper and aluminium – has not changed much since the end of 2013.
The stability of base metals suggests that falling crude oil prices can be linked to a slump in demand rather than an expansion of supply. This is a positive result for future economic growth.
To read this article in full, click here
Call 1300 880 160
Start a chat
Schedule a call
