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Global markets: US jobless claims move higher

By Commodity News Service Canada

WINNIPEG, January 14 – The following is a glance at the news moving markets globally.

US JOBLESS CLAIMS RISE
More Americans filed jobless claims last week than the week before, according to data from the US Labor Department.

Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 284,000 for the week ended January 9, which is still indicative of a healthy labour market.

CANADIAN REFINERIES SEE BOOST FROM YEAR-AGO LEVELS
Canadian refineries received 7.7 million cubic metres of crude oil in October, up 0.8 per cent from October 2014, Statistics Canada said in a report on Thursday.

According to StatsCan, during the same period, refinery receipts of domestic crude oil increased 1.1 per cent to 5.4 million cubic metres.

Crude oil imports decreased 0.2 per cent from October 2014 to 2.2 million cubic metres in October. Imports represented 29 per cent of total crude oil received at refineries in Canada, Statistics Canada said.

GERMANY’S ECONOMY GAINED IN 2015
Germany’s growth in 2015 outpaced 2014 levels, according to reports out of the country on Thursday.

Germany’s economy grew by 1.7 per cent in 2015, compared with 1.6 the year prior, the country’s statistics office said.

Germany has the largest economy in Europe.

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