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Global markets: UK retail sales disappoint

By Commodity News Service Canada

WINNIPEG, February 17 – The following is a glance at the news moving markets globally.

– United Kingdom retail sales fell below analyst expectations for the second month in a row in January, according to reports out of the region on Friday, giving indication that the UK’s economic pace could be slower.

January retail sales increased by 1.5 per cent, the slowest pace since November 2013, analysts say.

– Foreign investment in Canadian securities reached C$10.2 billion in December, largely through acquisitions of shares. At the same time, Canadian investors increased their holdings of foreign securities by C$6.7 billion, led by purchases of non-US foreign shares, Statistics Canada said in a report on Friday.

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