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Global markets: China sees higher inflation

By Commodity News Service Canada

WINNIPEG, December 9 – The following is a glance at the news moving markets globally.

CHINA’S INFLATION MOVED HIGHER IN NOVEMBER
China’s inflation grew in November, according to data out of the country, but still lagged behind government expectations.

China’s November consumer price index rose 1.5 per cent on-year from 1.3 per cent in October, but fell short of the three per cent government target.

ANALYSTS PROJECT INCREASED GROWTH IN SINGAPORE
Singapore’s economy is expected to grow 2.2 per cent next year, according to a survey of private analysts conducted within the country.

Inflation is also expected to move upward to 0.5 per cent.

Though growth is anticipated for Singapore, it’s still less than projected in September.

GERMANY’S SEES WEAKER EXPORTS IN OCTOBER
German exports fell by 1.2 per cent in October and imports fell by 3.4 per cent, analysts say China’s slower economy contributed to the decline.

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