Global Markets: End of 2019 building on optimistic note

By MarketsFarm

WINNIPEG, Dec. 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Stock markets around the world made strong gains this week as optimism over the United States/China trade deal provided support. Markets in Europe, Japan, China, and the U.S. were up, with some record highs set. The Phase One agreement will reportedly be signed early in the New Year, although a firm date and location have yet to be set. However, uncertainty surrounding Brexit weighed on values. The process for the United Kingdom to leave the European Union may take up to a year to complete, according to reports.

– Despite African swine fever ravaging China’s hog industry over the last 18 months, the country’s top pig producing province of Sichuan, set a goal of producing 60 million hogs next year, according to Reuters. The disease killed thousands of hogs throughout China and led to the culling of more than 40 per cent of its hog population since August 2018. That year Sichuan provided nearly 66.4 million hogs, but in the first three quarters of 2019, production down to 35.8 million.

– Israeli Prime Minister Benjamin Netanyahu easily retained his grip on the Likud Party leadership, winning 72.5 per cent of the votes cast, according to the BBC. Netanyahu will lead the center-right party into Israel’s third election within a year, as the previous elections failed to produce a coalition that could have formed a working majority in the Knesset. Netanyahu is also facing trial on bribery and corruption charges after a lengthy investigation. The Israeli election is scheduled for March 2.

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