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Global markets: UK household finances weaken

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 dropped to 42.3 in May, compared with 45.1 in April, reports say.

JAPAN’S ECONOMY GAINS IN FIRST-QUARTER
Japan’s economy grew 1.7 per cent from January to March, according to reports on Wednesday.

Gains in the first-quarter stopped Japan from entering a technical recession.

FOREIGN INVESTMENT IN CANADIAN SECURITIES UP IN MARCH
Foreign investment in Canadian securities strengthened for a third straight month to reach C$17.2 billion in March. Foreign acquisitions were mainly composed of securities issued by Canadian private corporations. Meanwhile, Canadian investment in foreign securities amounted to C$2.3 billion and was led by US corporate instruments, Statistics Canada said in a report on Wednesday.

As a result, Canada’s international transactions in securities generated a net inflow of funds into the economy of C$14.9 billion in March. For the first quarter, a record net inflow of C$52.8 billion was recorded, led by sustained foreign investment in Canadian securities in all three months of the quarter.

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