Financial Times FT.com

Indian growth data support raw materials

By Javier Blas

Published: November 30 2009 10:47 | Last updated: November 30 2009 23:06

Commodities prices struggled for direction on Monday, supported by India’s stronger-than-expected economic growth in the third quarter but weighted down by Dubai’s debts problems.

Traders are paying extra attention to Dubai because emerging markets are the main driver of growth in demand for commodities and its debt woes could be a sign that other nations could run into problems.

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