By Commodity News Service Canada
WINNIPEG, February 12 – The following is a glance at the news moving markets globally.
EURO ZONE’S ECONOMY EDGES UP AT END OF 2015
The euro zone’s economy ended 2015 with more of a ‘meh’ than a bang, with quarterly growth in the last three months of 2015 coming in at 0.3 per cent, according to reports.
However, the total yearly growth for the 19 country euro zone was 1.5 per cent.
US IMPORT PRICES DROP
US import prices fell 1.1 per cent in January, according to reports out of the country on Friday.
Cheaper crude oil prices are in part responsible for lower import prices in the US.
Since last August, prices have fallen 6.2 per cent from the same time frame a year prior.
INDIA’S RETAIL INFLATION BALLOONS
India’s retail inflation has moved to a 17 month high, according to reports out of the country on Friday, while output has declined.
India’s retail prices have gained close to 5.7 per cent in January on an annual basis.
Industrial output fell 1.3 in December.