Market Briefing:Global Markets
Yardeni Research, Inc.
May 18, 2018
Dr. Edward Yardeni516-972-7683
Mali Quintana480-664-1333
Please visit our sites atwww.yardeni.comblog.yardeni.com
thinking outside the box
Table Of Contents Table Of ContentsTable Of Contents
May 18, 2018 / Market Briefing: Global Markets www.yardeni.com
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US Stock Indexes 1MSCI Indexes 2-5Stock Markets: USA 6Stock Markets: Americas 7Stock Markets: Europe 8-9Stock Markets: Asia 10-11Stock Markets: Eastern Europe, Middle East, Africa 12US$ Forex Rates: Europe 13US$ Forex Rates: Asia 14US$ Forex Rates: Americas 15Trade-Weighted Dollar 1610-Year Government Yields 17Commodity Indexes 18Commodity Prices: Energy 19Commodity Prices: Precious Metals 20Commodity Prices: Agriculture 21
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020600
800
1000
1200
1400
1600
1800
2000
2200
2400
2600
2800
3000
600
800
1000
1200
1400
1600
1800
2000
2200
2400
2600
2800
3000
5/18
S&P 500 INDEX
200-day moving averageSource: Standard & Poor’s Corporation.
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Figure 1.
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20206000690078008700960010500114001230013200141001500015900168001770018600195002040021300222002310024000249002580026700
60006900780087009600
10500114001230013200141001500015900168001770018600195002040021300222002310024000249002580026700
5/18
DOW JONES INDUSTRIALS AVERAGE
200-day moving averageSource: The Wall Street Journal.
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Figure 2.
US Stock Indexes
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Figure 3.
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020500
700
900
1100
1300
1500
1700
1900
2100
2300
500
700
900
1100
1300
1500
1700
1900
2100
2300
5/18SHARE PRICE INDEXES(US dollars)
World
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020800
1000
1200
1400
1600
1800
2000
2200
2400
800
1000
1200
1400
1600
1800
2000
2200
2400
5/18Europe
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020800
1000
1200
1400
1600
1800
2000
2200
24002600
800
1000
1200
1400
1600
1800
2000
2200
24002600
5/18EAFE*
200-day moving average
Source: Morgan Stanley Capital International.
* The following countries are included: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain,Sweden, Switzerland, United Kingdom, Israel, Australia, New Zealand, Singapore, Hong Kong, and Japan.
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MSCI Indexes
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Figure 4.
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020500
700
900
1100
1300
1500
1700
1900
2100
2300
2500
2700
2900
500
700
900
1100
1300
1500
1700
1900
2100
2300
2500
2700
2900
5/18
SHARE PRICE INDEXES(US dollars)
World
US
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020500
700
900
1100
1300
1500
1700
1900
2100
2300
2500
500
700
900
1100
1300
1500
1700
1900
2100
2300
2500
5/18WorldEAFE*
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020200
400
600
800
1000
1200
1400
1600
1800
2000
2200
2400
200
400
600
800
1000
1200
1400
1600
1800
2000
2200
2400
5/18
World
Emerging Markets
*Europe, Austrailia, and Far East.Source: Morgan Stanley Capital International.
MSCI Indexes
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Figure 5.
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20200
1000
2000
3000
4000
0
1000
2000
3000
4000
5/18
SHARE PRICE INDEXES(US dollars) World
Japan
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020500
700
900
1100
1300
1500
1700
1900
2100
2300
500
700
900
1100
1300
1500
1700
1900
2100
2300
5/18World
United Kingdom
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 202050
100
150
200
250
300
600
800
1000
1200
1400
1600
1800
2000
2200
2400
5/18
World
EMU
Source: Morgan Stanley Capital International.
MSCI Indexes
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Figure 6.
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020400
600
800
1000
1200
1400
1600
400
600
800
1000
1200
1400
1600
5/18
SHARE PRICE INDEXES(ratio scale, US dollars)
Emerging Markets
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020150
200
250
300
350
400
450500550600650700
150
200
250
300
350
400
450500550600650700
5/18
Emerging Markets:Asia
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20201500
2500
3500
4500
5500
6500
1500
2500
3500
4500
5500
6500
5/18Emerging Markets:Latin America
Source: Morgan Stanley Capital International.200-day moving average
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MSCI Indexes
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Figure 7.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 205100
7100
9100
11100
13100
15100
17100
19100
21100
23100
25100
27100
5/18DOW JONES INDUSTRIALS
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20800
1600
2400
3200
4000
4800
5600
6400
7200
8000
5/18NASDAQ
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20500700900
1100130015001700190021002300250027002900
5/18S&P 500
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20275
450
625
800
975
1150
1325
1500
16755/18RUSSELL 2000
06 07 08 09 10 11 12 13 14 15 16 17 18 19 206000
10000
14000
18000
22000
26000
30000
34000
5/17
WILSHIRE 5000
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20125175225275325375425475525575625675725775825
5/18S&P 500 TRANSPORTATION
06 07 08 09 10 11 12 13 14 15 16 17 18 19 204000
6000
8000
10000
12000
14000
5/18NEW YORK STOCK EXCHANGE
200-day moving averageSource: Reuters America, Inc and Standard and Poor’s Corporation.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 2050
100
150
200
250
300
5/18
S&P 500 UTILITIES
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Stock Markets: USA
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Figure 8.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20500
1000
1500
2000
2500
3000
5/18
UNITED STATES MSCI(all indexes in US dollars)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
1000
2000
3000
4000
5000
5/18
ARGENTINA MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20500
700
900
1100
1300
1500
1700
1900
2100
2300
2500
5/18
CANADA MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
1000
2000
3000
5/18
CHILE MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
2000
4000
6000
8000
5/18
MEXICO MSCI
200-day moving averageSource: Morgan Stanley Capital International and Haver Analytics.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
1000
2000
5/18PERU MSCI
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06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
1000
2000
3000
4000
5000
5/18
BRAZIL MSCI
200-day moving averageSource: Reuters America, Inc and Standard and Poor’s Corporation.
Stock Markets: Americas
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Figure 9.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20600
800
1000
1200
1400
1600
1800
2000
2200
2400
2600
5/18
EUROPE MSCI(all indexes in US dollars)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
100
200
300
400
500
600
700
800
5/18
IRELAND MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20500
1000
1500
2000
2500
5/18
FRANCE MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20100
300
500
700
900
5/18
ITALY MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20400600800
1000120014001600180020002200240026002800
5/18
GERMANY MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
1000
2000
3000
4000
5/18
NETHERLANDS MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
500
1000
1500
5/18
GREECE MSCI
200-day moving average.Source: Morgan Stanley Capital International and Haver Analytics.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20200
400
600
800
1000
5/18
SPAIN MSCI
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Stock Markets: Europe
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Figure 10.
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20202000
4000
6000
8000
10000
2000
4000
6000
8000
10000
5/18
SWEDEN MSCI(all indexes in US dollars)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20201000
2000
3000
4000
5000
6000
1000
2000
3000
4000
5000
6000
5/18
SWITZERLAND MSCI
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020500
1000
1500
2000
500
1000
1500
2000
5/18
UNITED KINGDOM MSCI STOCK PRICE INDEX
200-day moving average.Source: Morgan Stanley Capital International and Haver Analytics.
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Stock Markets: Europe
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Figure 11.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20200
400
600
800
1000
1200
1400
5/18
AUSTRALIA MSCI STOCK PRICE INDEX(all indexes in US dollars)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
20
40
60
80
100
120
5/18
CHINA MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 201000
2000
3000
4000
5/18
JAPAN MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 202000
4000
6000
8000
10000
12000
14000
5/18HONG KONG MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
200
400
600
5/18SOUTH KOREA MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20100
200
300
400
500
5/18
TAIWAN MSCI
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06 07 08 09 10 11 12 13 14 15 16 17 18 19 20100
200
300
400
500
600
700
5/18
SINGAPORE MSCI
200-day moving averageSource: Morgan Stanley Capital International and Haver Analytics.
Stock Markets: Asia
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Figure 12.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
200
400
600
800
1000
1200
5/18
INDONESIA MSCI(US$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
100
200
300
400
500
600
700
5/18
THE PHILIPPINES MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20100
200
300
400
500
600
5/18
MALAYSIA MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
200
400
600
800
5/18
INDIA MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
100
200
300
400
500
600
5/18
THAILAND MSCI
200-day moving averageSource: Morgan Stanley Capital International and Haver Analytics.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
50
100
150
200
250
5/18
PAKISTAN MSCI
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Stock Markets: Asia
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Figure 13.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
500
1000
1500
2000
5/18
RUSSIA MSCI(US$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
100
200
300
400
5/18
ISRAEL MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
500
1000
1500
2000
5/18
POLAND MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20100
300
500
700
900
5/18
TURKEY MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
500
1000
1500
5/18
HUNGARY MSCI
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
500
1000
1500
2000
0
500
1000
1500
2000
5/18
EGYPT MSCI
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06 07 08 09 10 11 12 13 14 15 16 17 18 19 20200
300
400
500
600
700
800
900
1000
1100
5/18
CZECH REPUBLIC MSCI
200-day moving averageSource: Morgan Stanley Capital International and Haver Analytics.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20100
200
300
400
500
600
700
5/18
SOUTH AFRICA MSCI
Stock Markets: Eastern Europe, Middle East, Africa
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Figure 14.
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020.8
.9
1.0
1.1
1.2
1.3
1.4
1.5
1.6
1.7
.8
.9
1.0
1.1
1.2
1.3
1.4
1.5
1.6
1.7
5/18
EUROPE($/Euro)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20201.1
1.3
1.5
1.7
1.9
2.1
2.3
1.1
1.3
1.5
1.7
1.9
2.1
2.3
5/18
UNITED KINGDOM($/Pound)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 202011.5
10.5
9.5
8.5
7.5
6.5
5.5
4.5
11.5
10.5
9.5
8.5
7.5
6.5
5.5
4.5
5/18
SWEDEN(Krona/$)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20201.4
1.2
1.0
.8
.6
1.4
1.2
1.0
.8
.6
5/18
SWITZERLAND(Swiss Franc/$)
200-day moving averageSource: Haver Analytics.
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US$ Forex Rates: Europe
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Figure 15.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20140
120
100
80
60
5/18
JAPAN(Yen/$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 208.4
8.0
7.6
7.2
6.8
6.4
6.0
5.6
5/18
CHINA(Yuan/$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 201.8
1.6
1.4
1.2
1.0
.8
.6
5/18
AUSTRALIA(inverted scale, A$/US$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 205.0
4.5
4.0
3.5
3.0
2.5
5/11
MALAYSIA(Ringgit/$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 201600
1400
1200
1000
800
600
5/11
SOUTH KOREA(Won/$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 2016000
14000
12000
10000
8000
6000
5/18
INDONESIA(Rupiah/$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 2075
65
55
45
35
25
5/18
INDIA(Rupee/$, inverted scale)
200-day moving averageSource: Haver Analytics.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 2045
40
35
30
25
5/18
THAILAND(Baht/$)
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US$ Forex Rates: Asia
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Figure 16.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 201.7
1.6
1.5
1.4
1.3
1.2
1.1
1.0
.9
.8
5/18
CANADA(C$/US$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 2022
20
18
16
14
12
10
8
6
5/18
MEXICO(Peso/$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 204.6
4.1
3.6
3.1
2.6
2.1
1.6
1.1
.6
.1
5/18
BRAZIL(Real/$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 2025
20
15
10
5
0
-5
5/18
ARGENTINA(Peso/$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20800
750
700
650
600
550
500
450
400
350
300
5/18
CHILE(Peso/$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 200
5000
10000
15000
20000
25000
30000
35000
40000
5/11
VENEZUELA(Bolivar Fuerte/$)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 203600
3200
2800
2400
2000
1600
1200
800
5/18
COLOMBIA(Peso/$)
200-day moving averageSource: Morgan Stanley Capital International.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 203.8
3.6
3.4
3.2
3.0
2.8
2.6
2.4
2.2
5/18
PERU(New Sol/$)
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US$ Forex Rates: Americas
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 2085
90
95
100
105
110
115
120
125
130
135
85
90
95
100
105
110
115
120
125
130
135
5/18
JP MORGAN TRADE-WEIGHTED DOLLAR INDEX*(2000=100, daily)
Trade-WeightedDollar (117.63)
* Argentina, Australia, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czech Rep., Denmark, Ecuador, Egypt, Hong Kong, Hungary, India, Indonesia,Israel, Japan, Korea, Kuwait, Malaysia, Mexico, Morocco, New Zealand, Nigeria, Norway, Pakistan, Panama, Peru, Philippines, Poland, Romania, Russia,Saudi Arabia, Singapore, South Africa, Sweden, Switzerland, Taiwan, Thailand, Turkey, Ukraine, UK, Uruguay, US, Venezuela, Vietnam, & Euro Area.Source: JP Morgan.
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Figure 17.
73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 15 17 19 2160
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
160
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
160
5/11
5/11
FED’S TRADE-WEIGHTED DOLLAR INDEXES(daily)
Major*(3/73=100)
Broad**(1/97=100)
* Major index is a weighted average of the foreign exchange rates of the US dollar against the Euro Area, Australia, Canada, Japan, Sweden, Switzerland,United Kingdom,
** Broad index is a weighted average of the foreign exchange rates of the US dollar against the Euro Area, Argentina, Australia, Brazil, Canada, Chile, China,Colombia, Hong Kong, India, Indonesia, Ireland, Israel, Japan, Korea, Malaysia, Mexico, Philippines, Russia, Singapore, Spain, Saudi Arabia,Sweden, Switzerland, Taiwan, Thailand, United Kingdom, and Venezuela. Source: Board of Governors of the Federal Reserve System.
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Figure 18.
Trade-Weighted Dollar
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Figure 19.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 201.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
5/18
UNITED STATES
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20-.5
.0
.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
5/17
GERMANY
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20.5
1.5
2.5
3.5
4.5
5.5
5/17
CANADA
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20-.5
.0
.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5/17
SWEDEN
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
5/18
UNITED KINGDOM
200 day moving average Source: MMS International and Haver Analytics.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20-.5
.0
.5
1.0
1.5
2.0
2.5
5/17
JAPAN
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10-Year Government Yields
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20125
175
225
275
325
375
425
475
525
125
175
225
275
325
375
425
475
525
5/18
CRB FUTURES PRICE INDEX(1967=100)
200-day moving averageSource: Haver Analytics.
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Figure 20.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20150
250
350
450
550
650
750
850
950
1050
1150
150
250
350
450
550
650
750
850
950
1050
1150
5/17
5/17
CRB RAW INDUSTRIALS SPOT PRICE INDEXES(1967=100)
CRB Raw IndustrialsSpot Price Index (518.1)Metals Component* (952.4)
* Includes scrap copper, lead scrap, steel scrap, tin, and zinc.Source: Haver Analytics.
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Figure 21.
Commodity Indexes
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Figure 22.
06 07 08 09 10 11 12 13 14 15 16 17 18 19 2010
30
50
70
90
110
130
150
170
190
5/17
WEST TEXAS INTERMEDIATECRUDE OIL PRICE(dollars per barrel)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20.6
1.0
1.4
1.8
2.2
2.6
3.0
3.4
3.8
4.2
4.6
5.0
5/17
HEATING OIL FUTURES PRICE*(dollar per gallon)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 2020
40
60
80
100
120
140
160
5/17
BRENT CRUDE OIL FUTURES PRICE*(dollars per barrel)
* Nearby futures price.06 07 08 09 10 11 12 13 14 15 16 17 18 19 20
1
3
5
7
9
11
13
15
17
19
5/17
NATURAL GAS FUTURES PRICE*(dollar per MMBTU)
06 07 08 09 10 11 12 13 14 15 16 17 18 19 20.3
.9
1.5
2.1
2.7
3.3
3.9
4.5
5/17
GASOLINE FUTURES PRICE*(dollars per gallon)
* Nearby contract.Source: Haver Analytics.
200-day moving average
yardeni.com
Commodity Prices: Energy
Page 19 / May 18, 2018 / Market Briefing: Global Markets www.yardeni.com
Yardeni Research, Inc.
Figure 23.
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020400
575
750
925
1100
1275
1450
1625
1800
1975
400
575
750
925
1100
1275
1450
1625
1800
1975
5/17
GOLD FUTURES PRICE*(dollars per troy ounce)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020481216202428323640444852
48
1216202428323640444852
5/17
SILVER FUTURES PRICE*(dollars per troy ounce)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020600
800
1000
1200
1400
1600
1800
2000
2200
2400
2600
600
800
1000
1200
1400
1600
1800
2000
2200
2400
2600
5/17
PLATINUM FUTURES PRICE*(dollars per troy ounce)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20200
200
400
600
800
1000
1200
0
200
400
600
800
1000
1200
5/15
PALLADIUM SPOT PRICE($/troy oz)
200-day moving average
Source: Haver Analytics.* Nearby contract.
yardeni.com
Commodity Prices: Precious Metals
Page 20 / May 18, 2018 / Market Briefing: Global Markets www.yardeni.com
Yardeni Research, Inc.
Figure 24.
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020150
250
350
450
550
650
750
850
150
250
350
450
550
650
750
850
5/17
CORN FUTURES PRICE*(cents per bushel)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020350
550
750
950
1150
1350
1550
1750
1950
350
550
750
950
1150
1350
1550
1750
1950
5/17
SOYBEANS FUTURES PRICE*(cents per bushel)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 202020030040050060070080090010001100120013001400
200300400500600700800900
10001100120013001400
5/17
WHEAT FUTURES PRICE*(cents per bushel)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20200
50
100
150
200
250
0
50
100
150
200
250
5/18
COTTON FUTURES PRICE*($/pound)
200-day moving average
Source: Haver Analytics.* Nearby contract, closing price.
yardeni.com
Commodity Prices: Agriculture
Page 21 / May 18, 2018 / Market Briefing: Global Markets www.yardeni.com
Yardeni Research, Inc.
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