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Global markets: Chinese, Brazilian economies stabilizing

By Commodity News Service Canada

WINNIPEG, February 8 – The following is a glance at the news moving markets globally.

CHINESE AND BRAZILIAN ECONOMIES STABILZE
China and Brazil’s economies have stabilized, according to the Organisation for Economic Cooperation and Development (OECD), an international policy group.

According to OECD, advanced economies, like the US and Britain, are seeing increased momentum.

INDIA’S ECONOMY GROWS 7.3 PER CENT IN THIRD-QUARTER
India’s economy gained grew by 7.3 per cent in the third-quarter according to reports out of the country on Monday.

The growth was slower than the previous quarter, but still outpaced analyst expectations.

India’s system for calculating gross domestic product has been criticized by some analysts, after the government introduced a new formula in 2015.

However, the government has said the current formula is closer to international standards.

GERMANY’S CRUDE OIL IMPORTS GAIN IN 2015
Germany’s gas imports gained by 12.5 per cent from January to November in 2015, according to reports out of the country on Monday.

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