By Commodity News Service Canada
WINNIPEG, April 25 – The following is a glance at the news moving markets globally.
OIL EXPORTER LOSSES TO DEEPEN: IMF
Middle Eastern oil exporters lost US$390 billion in profit last year, and International Monetary Fund (IMF) officials expect greater declines this year, according to reports on Monday.
The IMF pegs Middle Eastern exporter profit loss at US$500 billion in 2016.
An official from IMF said the losses mean slower economic growth and bigger budget deficits.
THAILAND’S EXPORTS UP
Thailand’s exports gained in March, despite analysts’ calling for a contraction, according to reports on Monday.
Exports increased 1.3 per cent in March, with stronger sales of gold, cars and machinery.
US FED EXPECTED TO HOLD INTEREST RATES STEADY
Officials from the US Federal Reserve will be meeting this week, but many analysts expect interest rates will hold steady.
Market watchers say it is too soon to raise interest rates after turbulent economic conditions at the beginning of the year—when stock markets plummeted.