CNS Canada — The following is a glance at the news moving markets globally.
HILLARY CLINTON SAYS SHE DOES NOT SUPPORT PACIFIC TRADE DEAL — U.S. democratic presidential candidate Hillary Clinton said Wednesday she does not support the Trans-Pacific Partnership.
The deal doesn’t do enough to protect consumers from high drug prices and currency manipulation, Clinton said.
President Barack Obama had begun pitching the Trans-Pacific Partnership on Tuesday, after the deal was signed on Monday.
CHINA’S STOCKS GAIN AHEAD OF FED MINUTES RELEASE — Chinese markets opened up again after an extended holiday, and stocks jumped Thursday morning.
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U.S. grains: Corn rebounds from contract lows on short covering, bargain buying
Bargain buying and short covering lifted U.S. corn futures on Monday after the market slid to contract lows on expectations for strong U.S. output, traders said.
However, other global markets are waiting for the U.S. Federal Reserve to release its minutes from its last policy meeting later today.
IMF SAYS LATIN AMERICA LIKELY TO GO INTO A RECESSION — Latin America’s economy is likely to go into recession in 2015, the International Monetary Fund said.
The organization said China’s slowdown has reduced demand for the region’s commodities.
Latin America’s economy is expected to shrink 0.3 per cent this year.
DISAPPOINTING GERMAN DATA WEIGHS ON EUROPEAN STOCKS — German exports slumped 5.2 per cent in August, the steepest decline since January 2009.
