China growth- chinese to build 5 new airports in next 5 years
Steel billet futures, launched on the London Metal Exchange (LME) on Monday, will eventually attract fund managers as they are an excellent indicator of the global economy, the LME's chief executive has said. Initial liquidity would be driven by steel merchants and traders. Steel billets, semi-finished products used mainly in the construction industry, began trading on the LME overnight via electronic and telephone trading, known as a 'soft launch'.
Stagflation worries - Big jump in wholesale inflation The U.S. Labor Department reported producer prices jumped a monthly 1 percent in January on rising energy costs and saw an annual 7.4 percent increase. It was the biggest 12-month gain in more than 26 years, when the United States was emerging from a period of low growth and high inflation known as stagflation.
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