Commodities delivered a solid performance last week, posting the strongest gain among the major asset classes via a set of proxy ETFs. Firmer prices in raw materials are widely considered a plus for emerging market economies, but there was no sign of a positive connection last week in the associated equities, at least in US dollar terms. Indeed, last week’s big loser among the major asset classes: emerging market stocks.
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● GDPNow forecast for Q1 US growth is nearly flat at 0.1% | Atlanta Fed
● The Incredible Shrinking ‘GDPNow’ Forecast; Could it Be Right? | Barron’s
● US Wholesale Inventories Drop More Than Expected In Feb | RTT
● Dollar drops to fresh 17-month low against the yen | MarketWatch
● China’s producer price deflation eases, monetary support may slow | Reuters
● World Bank: China’s Growth to Ease to 6.7 % in 2016 | AP
● IMF supports negative rates at central banks around the world | IMF