Global markets

By Commodity News Service Canada WINNIPEG, May 24 – The following is a glance at the news moving markets globally. FED OFFICIAL SAYS ECONOMY COULD SUPPORT RATE HIKE John Williams, president of the Federal Reserve Bank of San Francisco, said the US economy could withstand an interest rate hike, according to reports on Tuesday. Williams

By Commodity News Service Canada WINNIPEG, May 20 – The following is a glance at the news moving markets globally. CANADA’S CONSUMER PRICE INDEX GAINS Canada’s Consumer Price Index rose 1.7 per cent in April, compared with a year ago, Statistics Canada said in a report on Friday. According to StatsCan, excluding gasoline, the CPI

By Commodity News Service Canada WINNIPEG, May 19 – The following is a glance at the news moving markets globally. US JOBLESS CLAIMS DOWN WEEK-ON-WEEK Initial US jobless claims for state unemployment benefits in the week ended May 14 dropped 16,000 to a seasonally adjusted 278,000, according to data from the country’s labour department. The

By Commodity News Service Canada WINNIPEG, May 18 – The following is a glance at the news moving markets globally. FINANCES IN UK HOUSEHOLDS WEAKEN AT FASTEST PACE IN TWO YEARS Britain’s household finances weakened at their fastest level in two years, according to data from the region on Wednesday. The country’s household finance index

By Commodity News Service Canada WINNIPEG, May 17 – The following is a glance at the news moving markets globally. RUSSIAN CRUDE EXPORTS UP, BUT PROFITS DOWN Russia’s crude oil export revenue dropped 38 per cent from January to March, compared with the same time frame a year prior, according to reports on Tuesday. But

By Commodity News Service Canada WINNIPEG, May 16 – The following is a glance at the news moving markets globally. INDIA’S WHOLESALE PRICES GAIN India’s wholesale prices gained in April, for the first time in 18 months, according to reports on Monday. India’s wholesale food prices gained 4.23 per cent in April, while the cost

By Commodity News Service Canada WINNIPEG, May 13 – The following is a glance at the news moving markets globally. US RETAIL SALES GAIN MOST IN A YEAR US retail sales gained the most in a year in April, according to data out of the country. April’s sales were up 1.3 per cent, the highest

By Commodity News Service Canada WINNIPEG, May 12 – The following is a glance at the news moving markets globally. BRAZIL PRESIDENT FACES CHARGES Brazil’s president, Dilma Rousseff, will face trial for alleged corruption and breaking budget rules, according to reports on Thursday. Rousseff is expected to release a statement later today. US JOBLESS CLAIMS

By Commodity News Service Canada WINNIPEG, May 11 – The following is a glance at the news moving markets globally. INDIA’S DROUGHT EXPECTED TO HURT ECONOMY India’s drought is expected to take about a US$100 billion toll on the national economy, according to reports on Wednesday. Water shortages across ten states and loss of livestock

By Commodity News Service Canada WINNIPEG, May 10 – The following is a glance at the news moving markets globally. CHINA’S CONSUMER INFLATION GAINS SLIGHTLY IN APRIL China’s consumer price index gained 2.3 per cent from year-ago levels in April, according to reports on Tuesday. Higher food prices, most notably pork, contributed to the gains,