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Global markets: China’s trade data better-than-expected

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 December.

The news boosted crude oil futures in early activity, easing some investor-concerns about China’s economy.

SCOTLAND’S ECONOMY STAYS MOSTLY UNCHANGED
Scotland’s economy was little-changed in the third-quarter of 2015, according to reports on Wednesday.

The gross domestic product grew 0.1 per cent from July to September last year, which is the twelfth consecutive quarter of growth.

CANADIAN HOME PRICES FELL IN DECEMBER
The price of buying a home in Canada went down by 0.1 per cent from November to December, according to data from the Teranet-National Bank Composite House Price Index.

However, housing prices were still a hefty 6.2 per cent more expensive than they were in the same time frame a year prior.

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