Financial Market Team update (English)

Commodities
Commodities are falling. Gold prices fell for the second straight day. Copper prices are down, reaching a one-week low. Russia's drought has affected beet production and beets are used to make sugar, so sugar prices are rising. However, wheat and corn prices are down about 1.5%. A wheat producing region in Australia, the world's fifth exporter of wheat, is forecast to receive much needed rains. Read about Australia's wheat situation, in this FT article ($).

WTI prices fell the most in five weeks, despite a storm forming in the Gulf of Mexico which made drilling on a BP relief well stop.

Currencies
The dollar is rallying against the euro and the pound, although it is weaker against the yen.

Fixed income and credit
5-year and 10-year Treasuries are reaching their lowest yields for the year.

(Read more about today's financial data in this FT$ article, and in this Bloomberg webpage)

Patrick Signoret and Georgina Lara

Financial Market Team update (English)

Stocks
The Federal Reserve will announce its monetary policy decision tomorrow. Markets are expecting the Fed to keep interest rates at their current level, 0-0.25. However, FT and Bloomberg report that they anticipate some kind of measure to release more cash into the economy to provide a stimulus. Bloomberg believes this is the reason both American and European stocks advanced today.

Commodities
Crude oil remains near $81 as it went up in today's trading session. Grain prices continue to rise after the export ban in Russia. This has not only affected wheat but other grains as well. (Read about the grain prices in FT$.)

Patrick Signoret and Georgina Lara