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Global markets: Fed unlikely to raise rates on Wednesday

By Commodity News Service Canada

WINNIPEG, November 1 – The following is a glance at the news moving markets globally.

FED EXPECTED TO HOLD RATES STEADY AHEAD OF MEETING
The US Federal Reserve is expected to keep interest rates unchanged in its monthly monetary policy meeting on Wednesday, analysts said on Tuesday.

Market watchers say Fed officials are unlikely to raise interest rates so close to the presidential election.

However, the central bank may call for an interest rate hike in December, reports say.

ASIAN FACTORY ACTIVITY UP IN OCTOBER
Asia’s factory activity increased in October, according to reports out of the region on Tuesday.

An index that measures activity gained at the fastest rate in two years, led by advances in India.

CANADIAN REAL GDP EDGES UP
Real gross domestic product rose 0.2 per cent in August, following a 0.4 per cent increase in July. The output of goods-producing industries rose while service-producing industries were essentially unchanged, Statistics Canada said in a report on Tuesday.

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