By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- The Euro dropped to one-year lows as of Thursday, as the European Union currency continued its slide towards parity with the United States dollar. Currently at US$1.05, the Euro has lost six per cent from hitting highs in September. Reports said a weakening global economy has been behind the Euro’s change of direction, with the likelihood of tariffs imposed by the incoming Trump administration adding more pressure.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
- The U.S. Producer Price Index rose 0.2 per cent in October and 2.4 per cent over the last year, the Bureau of Labor Statistics reported on Thursday. The PPI is the measurement of average price changes seen by producers and manufacturers. The next important inflation report will be the Personal Consumption Expenditures price index on Nov. 27 and is the gauge most preferred by the U.S. Federal Reserve. Yesterday, the bureau reported the Consumer Price Index was up 2.6 per cent on the year.
- The Republican Party held onto its majority in the U.S. House of Representatives on Wednesday. With the Senate, this gives the Republicans control of both chambers of Congress. As president, that will provide Donald Trump with a great deal of political power to enact his agenda with few hurdles at least until the mid-term elections in 2026.
- Researchers from the United Kingdom and Sudan reported on Thursday that more than 61,000 people have died in the Khartoum state during Sudan’s civil war. They said the leading causes of death in the 14-month-old conflict have been starvation and disease, while violent deaths were estimated at 26,000. However, the researchers said the total death toll in the war is likely much higher.
