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Global markets: Commodity prices feel pressure from China

By Commodity News Service Canada

WINNIPEG, January 26 – The following is a glance at the news moving markets globally.

COMMODITY-RELATED STOCKS PRESSURED BY CHINA-CONCERNS
Weaker crude oil prices, and a fresh drop off in Chinese stocks pressured many commodity markets on Tuesday morning, analysts say.

Crude oil futures lost ground in early activity on Tuesday, as oversupply concerns pressured prices.

Chinese stocks fell six per cent on Tuesday, which reinstated concerns about the country’s equity markets and economy.

However, analysts say gold prices were able to escape the drop plaguing other commodity markets, due to a slightly weaker US dollar.

POLAND’S ECONOMIC GROWTH REACHES FOUR-YEAR HIGH
Poland’s economy grew at the fastest level in four years last year, according to reports out of the country.

Poland’s economy grew by 3.6 per cent in 2015, boosted by stronger domestic demand.

US FEDERAL RESERVE MEMBERS MEET
Members of the US Federal Reserve are meeting on Tuesday and Wednesday this week to discuss monetary policy.

It is the first time policy makers have met since raising interest rates in December.

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