Rural Commodities Wrap – August 2013

Global equity markets recovered earlier losses as it became clear that central banks would not rapidly turn off their monetary easing, although we still expect the US Federal Reserve to start tapering in the coming few weeks.

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  • Global equity markets recovered earlier losses as it became clear that central banks would not rapidly turn off their monetary easing, although we still expect the US Federal Reserve to start tapering in the coming few weeks.
  • The long awaited rotation of global growth towards a greater contribution from big advanced economies may finally be under way as business survey and industrial output data shows growth picking up.
  • The domestic sector weakened further in July, with business conditions unchanged at the lowest level in four years.

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