The Central Bank of West African States (Bceao) notes that crude oil prices on international markets fell to 40.9 dollars in October 2020, against 41.2 dollars in September 2020. It points out in its monthly statistics bulletin that compared to the same month of the previous year, the price of a barrel is down 27.8%.

The central bank also confides that the prices of raw materials exported by the countries of the Union experienced contrasting trends during the month under review. “Prices rose compared to the same month of the previous year for gold (+22.6%), cotton (+18.8%), coffee (+6.8%) and rubber (+3.2%)”, reports the Bceao. Which adds in the process, declines were observed at the level of cashew nuts (-42.4%) and cocoa (-5.1%).

In addition, the document indicates that the stock market indices also recorded contrasting developments during the month of October 2020. Indeed, it explains, over one year, they fell for the FOOTSIE 100 ( - 23.1%), the CAC 40 (-19.8%) and the EuroStoxx 50 (-17.9%), while increases were noted for the Nasdaq Composite (+31.6%) and Standard & Poor's 500 (+7.6%).

On the foreign exchange market, the text informs that the European currency appreciated over one year against the American dollar (+4.9%), the pound sterling (+4.7%) and the yen Japanese (+1.4%). On the other hand, he finally points out that the yuan has depreciated by 0.5%.