Global markets: China’s private manufacturing slows

By Commodity News Service Canada

WINNIPEG, June 21 – The following is a glance at the news moving markets globally.

CHINA’S PRIVATE-FIRMS ACTIVITY DROPS TO FOUR-MONTH-LOW
An early survey which tracks China’s manufacturing showed a contraction in June, according to reports out of the country on Tuesday.

The index dropped to a four-month-low, analysts say, after May’s survey showed stabilization.

BRAZIL’S MID-MONTH INFLATION SLOWER THAN ANALYST FORECASTS
Brazil’s inflation slowed to 0.4 per cent mid-June, compared with 0.86 percent a month earlier, according to reports on Tuesday.

CANADA’S INVESTMENT IN NEW HOUSING CONSTRUCTION
Spending on new residential construction totalled C$4.2 billion in April, up 8.4 per cent from the same month a year earlier, Statistics Canada said in a report on Tuesday.

According to StatsCan, nationally, the increase was driven by higher investment in apartment and apartment-condominium buildings, which rose 20.8 per cent to C$1.5 billion. Higher spending on row houses (up 14.2 per cent to C$433 million) and single-family dwellings (up 2.1 per cent to C$2.1 billion) also contributed to the advance.

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