Global markets

By Commodity News Service Canada WINNIPEG, March 14 – The following is a glance at the news moving markets globally. IRAN NOT EXPECTED TO JOIN CRUDE FREEZE Crude oil futures fell Monday morning, as Iran stifled investor optimism for a crude output freeze meeting later in the spring. Iran said the country would only join […] Read more

By Commodity News Service Canada WINNIPEG, March 11 – The following is a glance at the news moving markets globally. US IMPORT PRICES FALL FOR EIGHTH MONTH US import prices fell for the eighth straight month in February as weaker petroleum prices weighed. But analysts say declining import prices are slowing as the US dollar’s […] Read more

By Commodity News Service Canada WINNIPEG, March 10 – The following is a glance at the news moving markets globally. EUROPEAN CENTRAL BANK TAKES ACTION The European Central Bank (ECB) cut all three of its interest rates on Thursday, and introduced increases to its asset buying program, according to reports. The euro fell about one […] Read more

By Commodity News Service Canada WINNIPEG, March 9 – The following is a glance at the news moving markets globally. CRUDE OIL FUTURES RISE ON ANTICIPATED OUTPUT MEETING Crude oil futures were propped up on Wednesday in anticipation of a producer meeting later this month. Representatives from OPEC (Organization of the Petroleum Exporting Countries) and […] Read more

By Commodity News Service Canada WINNIPEG, March 8 – The following is a glance at the news moving markets globally. CRUDE OIL CLIMBING Brent crude oil prices in England hit their highest levels in three months on March 8, as expectations mount that major producers may be working towards a coordinated approach to capping production. […] Read more

By Commodity News Service Canada WINNIPEG, March 7 – The following is a glance at the news moving markets globally. JAPAN’S CENTRAL BANK EXPECTED TO CUT FORECAST IN SPRING The Bank of Japan is expected to lower its economic forecasts for the next fiscal year at a quarterly review in April. Analysts say flopped stimulus […] Read more

By Commodity News Service Canada WINNIPEG, March 4 – The following is a glance at the news moving markets globally. Canada’s Gold Bullion Reserves Dwindle The World Gold Council has released information that suggests Canada is down to its last few ounces of gold. During the past month the Federal government apparently sold off 22,000 […] Read more

By Commodity News Service Canada WINNIPEG, March 3 – The following is a glance at the news moving markets globally. US UNEMPLOYMENT CLAIMS RISE The amount of Americans filing for jobless claims in the week ended February 27 increased by 6,000 to 278,000, according to reports on Thursday. Despite the slight increase in jobless claims, […] Read more

By Commodity News Service Canada WINNIPEG, March 2 – The following is a glance at the news moving markets globally. US PRIVATE SECTOR ADDS JOBS The US private sector gained 214,000 employees in February, according to reports on Tuesday. The data was ahead of analyst expectations. The country’s labour department is set to release non-farm […] Read more

By Commodity News Service Canada WINNIPEG, March 1 – The following is a glance at the news moving markets globally. TWO PRIVATE INDEXES INDICATE CHINA SLOW-DOWN China’s Purchasing Manager’s Index (PMI), which is an indicator of factory activity, fell to 49.0 in February, compared with 49.4 in January, according to reports on Monday. The Caixin-sponsored […] Read more