By Ellen Kennedy From Kiplinger’s Personal Finance Like all investors, those who are focused on sustainability are looking for ways to hedge inflation and deliver long-term value in today’s economy. Two new exchange-traded funds stand out—the first by providing active management in the often-overlooked specialty of ocean health, and the second by investing in futures contracts…
BOJ Says Fuel, Food-Driven Gains to Keep Propping up Japan Inflation
TOKYO—Japan’s consumer inflation will continue to face upward pressure later this year from rising electricity bills and food prices, as the recent surge in commodity prices hits the economy with a lag, the central bank said on Monday. As Japanese utilities set electricity bills based on the average import cost several months before, the upward…
Goldman Sachs Cuts US Growth Forecast as Commodity Prices Bite
SINGAPORE—Goldman Sachs analysts downgraded their forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia’s invasion of Ukraine will hurt spending. The investment bank cut its annualized growth forecast to 2.9 percent against a previous expectation of 3.1 percent. It expects fourth-quarter real gross domestic product growth…
Japan’s Trade Deficit Jumps to 8-year High as Commodity Imports Soar
TOKYO—Japan ran its biggest trade deficit in a single month in eight years in January as high energy costs swelled imports and manufacturers struggled with global supply constraints, causing a decline in car shipments. The growing trade deficit highlights the world’s third-largest economy’s vulnerability to soaring commodity costs and slowing demand from its neighbor China…
Japan’s Inflation Driven by Energy, Commodity Costs, Says PM Kishida
TOKYO—Japanese Prime Minister Fumio Kishida said on Tuesday recent price rises in the country were driven largely by rising energy and global commodity costs. “It’s desirable to create an environment in which companies can pass on rising costs, raise wages, so that increasing consumption spurs economic growth and inflation,” Kishida told parliament.
Dollar Dips as Treasury Yields Stall, Commodity Currencies Rally
LONDON—The dollar dipped on Thursday as this week’s rally in U.S. Treasury yields paused, while the Canadian and Australian dollars gained on the back of rising commodity prices and optimism about economic growth. The euro and sterling rose after suffering their worst days in a month on Tuesday when the dollar was lifted by a…
Commodity Currencies Boosted by Hopes Omicron Will Be Mild
December 7, 2021
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LONDON—The dollar index was steady and riskier currencies picked up on Tuesday, as traders bet that the Omicron variant of COVID-19 would not be as severe as previously expected. Asian shares staged a recovery overnight and oil prices climbed as risk appetite improved following reports in South Africa earlier in the week saying that Omicron…
Japan Wholesale Inflation Likely Hit 13-year High in September on Rising Commodity Costs: Poll
October 8, 2021
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TOKYO—Japan’s wholesale prices likely hit a 13-year high in September, buoyed by lofty commodity prices, while firms’ machinery orders are expected to have risen for the second straight month in August, a Reuters poll showed on Friday. The corporate goods price index (CGPI), which tracks the prices companies charge one another for their goods, likely…
Australia’s Trade Surplus Surprises With Record High on Commodity Demand
SYDNEY—Australia’s trade surplus unexpectedly grew to a record in August as strength in liquefied natural gas and coal exports more than offset a pullback in iron ore prices, a windfall to mining profits and tax receipts. Figures from the Australian Bureau of Statistics out on Tuesday showed the surplus on international trade jumped to A$15.1…
Poor Country Debt Could Worsen Due to Commodity Prices, Interest Rates: Malpass
September 30, 2021
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CAIRO—The debt situation for poor countries could worsen due to volatile commodity prices and higher interest rates, World Bank President David Malpass said on Thursday, urging countries to begin a gradual fiscal consolidation to maintain investor confidence. As of mid-2021, over half of the world’s poorest countries “are in external debt distress, or at risk…
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