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Emerging market stocks and currencies fell on October 18, 2021, after data showed China's third-quarter growth was the slowest in a year. Rising inflation expectations pushed up developed-market interest rates and Treasury yields.
The dollar also rose, reducing demand for risk assets.
Slower Chinese growth and firmer US yields point to weaker emerging-market demand and a stronger dollar. Both are generally bearish for dollar-priced commodities, although the direct effect on feed prices is limited.
financialpost.comReutersOct 18, 2021After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
