Global markets: Greek workers go on strike

By Commodity News Service Canada

WINNIPEG, December 3 – The following is a glance at the news moving markets globally.

GREEK WORKERS PROTEST ECONOMIC CHANGES
For the second time in three weeks, Greek workers are walking off the job to protest economic overhauls required by international creditors, according to reports out of the country.

About 15,000 people gathered in front of the parliament building on Thursday.

The strike is only expected to last 24 hours, but it affected hospitals, government services and several modes of transport.

IRAQ’S OIL MINISTER SAYS OIL PRODUCTION WILL STAY STEADY
Iraq will be keeping oil production steady, despite a global supply glut, according to reports on Thursday.

The Organization of the Petroleum Exporting Countries is expected to have a formal meeting on Friday.

US JOBLESS CLAIMS UP, BUT STILL INDICATE HEALTHY LABOUR FORCE
Initial claims for state unemployment benefits in the US gained by 9,000 to a seasonally adjusted 269,000 for the week ended November 28, according to the country’s labour department.

While that figure is an increase from last week, the country has seen claims under 300,000 for the past 39 weeks, which indicates a healthy labour force.

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