By Commodity News Service Canada
WINNIPEG, November 10 – The following is a glance at the news moving markets globally.
INTERNATIONAL ENERGY ASSOCIATION SEES DROP-OFF IN INVESTORS
The International Energy Agency said Tuesday it has seen a decline in investment.
The news was reflected in slightly stronger crude oil futures in early activity, but a global supply glut limited gains.
The IEA expects less investment moving forward as well, projecting a 20 per cent decline this year.
CHINA’S CONSUMER INFLATION DIPS IN OCTOBER
China’s consumer inflation dipped further in October, analysts say
The country’s consumer price index grew 1.3 per cent compared with last year, but it was 1.6 per cent slower than in September.
Market watchers attribute the decline to weaker food prices.
GREECE’S ECONOMY EXPECTED TO SHRINK ONCE MORE
Two economic organizations expect Greece’s economy to contract by 1.4 per cent in 2015.
The European Commission and the Organisation for Economic Co-operation and Development expect Greece to move back into a recession this year and into 2016.
However, the agencies say the economy might be able to recover in 2016.