By Commodity News Service Canada
WINNIPEG, November 24 – The following is a glance at the news moving markets globally.
US GDP GROWTH REVISED UPWARD
Though a growth of 1.5 per cent in the third-quarter was reported last month, that figure has been revised upward to 2.1 per cent, the US Department of Commerce said on Tuesday.
The data further fuelled market speculation that the US Federal Reserve could raise interest rates in December.
GERMAN ECONOMY SEES GROWTH IN THIRD-QUARTER
Germany’s gross domestic product grew by 0.3 per cent in the third-quarter, according to the country’s statistics department.
Increases in consumer spending and asylum seekers attributed to the gain, reports from the country said.
SWEDEN SAYS ECONOMY WILL BE FOSSIL FUEL FREE BY 2030
The Swedish government aims to have a fossil fuel free economy by 2030, according to reports out of the country.
According to the Swedish government, greenhouse gas emissions are down 22 per cent from where they sat in 1990, and the country’s GDP has more than doubled since then.