Global markets: India’s exports see another month of declines

By Commodity News Service Canada

WINNIPEG, March 15 – The following is a glance at the news moving markets globally.

INDIA’S MERCHANDISE EXPORTS DOWN, AGAIN
India’s merchandise exports declined for the 15th month in a row in February.

Exports fell 5.66 per cent compared with a year ago, according to reports on Tuesday.

Weak demand from Europe attributed to the declines, market watchers say.

US RETAIL PRICES DIP
US retail prices fell 0.1 per cent in February due to lower crude oil prices, according to the country’s Commerce Department.

January’s overall sales were also revised lower on Tuesday, from a 0.2 per cent gain to a 0.4 per cent decline.

JAPANESE YEN STRENGTHENS, MARKETS FALL
The Japanese yen strengthened against a bundle of currencies on Tuesday, as the Bank of Japan gave a gloomy economic outlook.

Benchmark share gauges in Asia lost ground, and European stocks followed.

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