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Global markets: US economy adds jobs in February

By Commodity News Service Canada

WINNIPEG, March 10 – The following is a glance at the news moving markets globally.

– The US economy added 235,000 jobs in February, according to reports out of the country on Friday, while the unemployment rate dropped to 4.7 per cent.

Market watchers say this could push the US Federal Reserve to raise interest rates at its meeting next week.

– Germany’s imports and exports both advanced sharply in January, market watchers said on Friday.

Compared with the previous month, the country’s imports increased by three per cent, while exports advanced 2.7 per cent.

Compared with year-ago levels imports were 11.7 per cent higher and exports were up 11.8 per cent.

Moving forward, officials expect Germany’s imports to increase at a faster pace than exports.

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