By Commodity News Service Canada
WINNIPEG, July 25 – The following is a glance at the news moving markets globally.
JAPAN’S EXPORTS DROP FOR ANOTHER CONSECUTIVE MONTH
Japan’s exports dropped in June, marking the ninth consecutive month of declines, according to reports on Monday.
Overseas shipments dropped 7.4 per cent in June, compared with year-ago levels, market watchers say.
However, exports were above many analyst expectations, which could indicate easing weakness.
SPAIN’S ECONOMY COULD GROW AHEAD OF TARGETS
Spain’s economic growth could outpace the current official target, the country’s acting economic minister said.
Growth could reach 2.9 per cent, compared with a forecasted 2.7 per cent, reports say.
PHILIPPINES CUTS EXPORT TARGET
Officials in the Philippines have scaled back on the country’s export growth targets.
The country’s export growth target is now down three per cent from its original forecast of 8.8 per cent for this year. Next year’s target has been reduced to 7.7 per cent, down from 10.6 per cent, reports said on Monday.