Algiers unlikely to be a game-changer

For the most part, commodity prices have risen this week, boosted by some weakness in the US dollar. The Fed's decision on Wednesday to keep interest rates on hold weighed on the US currency. That said, we think that there is now a strong chance of a rate hike in December. Meanwhile, September’s flash PMI data for Japan, the US and euro-zone, published on Friday, suggested only subdued global growth in the third quarter.