By Commodity News Service Canada
WINNIPEG, November 16 – The following is a glance at the news moving markets globally.
JAPAN SAW RECESSION FROM JULY TO SEPTEMBER, DATA SHOWS
Japan fell into a technical recession from July to September, data from the country shows. This recession is the fourth in five years, analysts say.
Japan’s economy shrank an annual 0.8 per cent from July to September after a 0.7 per cent contraction in the previous quarter.
CANADIAN INVESTORS REDUCE HOLDINGS, FOREIGNERS BUY SECURITIES
According to StatsCan, Canada’s international transactions in securities posted a net inflow of funds into the economy of C$9.5 billion in September. However, for the third quarter as a whole, portfolio investment transactions generated a net outflow of funds from the economy of C$3 billion.
ICE INTENDS TO BUY TRADING PLATFORM TRAYPORT
The owner of the New York Stock Exchange, and Winnipeg’s canola market, Intercontinental Exchange Inc, intends to purchase commodities trading platform Trayport.
The energy platform is currently owned by BGC Partners Inc and GFI Group Inc.
Intercontinental Exchange Inc will buy it for about US$650 million in stock, and intends to use it to help provide new services to European energy markets.