Archives

By Commodity News Service Canada WINNIPEG, January 15 – The following is a glance at the news moving markets globally. CRUDE OIL FUTURES NOSE-DIVE IN EARLY ACTIVITY Crude oil futures plummeted in early activity on Friday, with New York Mercantile futures falling below US$30 a barrel, as market watchers expect Iran to add more crude […] Read more

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 […] Read more

By Commodity News Service Canada WINNIPEG, January 13 – The following is a glance at the news moving markets globally. CHINA’S TRADE DATA BETTER-THAN-EXPECTED, SUPPORTS CRUDE FUTURES Despite analyst expectations for an eight per cent drop in China’s exports, according to data released out of the country, exports only dropped by 1.4 per cent in […] Read more

By Commodity News Service Canada WINNIPEG, January 12 – The following is a glance at the news moving markets globally. INDIA’S INDUSTRIAL OUTPUT SLOWS, INFLATION GROWS India got two doses of weak economic data on Tuesday, industrial output contracted by 3.2 per cent in November compared with a 9.8 per cent expansion in October, while […] Read more

By Commodity News Service Canada WINNIPEG, January 11 – The following is a glance at the news moving markets globally. CHINESE STOCKS START WEEK WITH SHARP LOSSES On Monday China’s stocks plummeted, instilling turbulence in other markets, after a weak start to the year. The Shanghai Composite closed 5.3 per cent weaker, while the Shenzhen […] Read more

By Commodity News Service Canada WINNIPEG, January 8 – The following is a glance at the news moving markets globally. US PAYROLLS MOVE HIGHER IN DECEMBER, PREVIOUS MONTHS REVISED UP Job growth in the US moved higher in December, increasing by 292,000 for non-farm employees, according to the country’s labour department. Payrolls in October and […] Read more

By Commodity News Service Canada WINNIPEG, January 7 – The following is a glance at the news moving markets globally. CHINESE YUAN FALLS AGAIN, STOCKS FOLLOW Global stock markets took a tumble on Thursday, as China allowed its currency, the Yuan, to fall to a five-month-low. The People’s Bank of China weakened the official midpoint […] Read more

By Commodity News Service Canada WINNIPEG, January 6 The Canadian dollar weakened to fresh 12-year-lows against its US counterpart on Wednesday, as crude oil futures plummeted once again. At 8:40 a.m. CST the Canadian dollar was at US$0.7104 or C$1.4076 which compares with Tuesday’s North American close of US$0.7148, or C$1.3989. At 8:40 a.m., New […] Read more

By Commodity News Service Canada WINNIPEG, January 6 – The following is a glance at the news moving markets globally. US TRADE DEFICIT DROPS WITH EXPORTS The US trade gap fell five per cent to US$42.4 billion in November. October’s trade deficit was revised up to US$44.6 billion from the previously reported US$43.9 billion, according […] Read more

By Commodity News Service Canada WINNIPEG, January 5 – The following is a glance at the news moving markets globally. CANADA’S MANUFACTURING CONTRACTS IN DECEMBER FOR FIFTH MONTH Adjusted for seasonal influences, Canada’s manufacturing purchasing managers’ index (PMI) fell to registered 47.5 in December, down from 48.6 in November and below the neutral 50 threshold […] Read more