Global markets: OECD says growth easing in some major economies

By Commodity News Service Canada

WINNIPEG, April 11 – The following is a glance at the news moving markets globally.

OECD RELEASES MONTHLY ECONOMIC INDICATORS
The Organisation for Economic Cooperation and Development (OECD) said growth is easing in some major economies, according to reports on Monday.

Economic indicators edged down from last month’s levels in the United States, Germany, and Britain, while China and India were steady on the month.

OIL PRICES FALL AS INVESTORS LOSE HOPE
Oil futures started the week off on a low note, as many traders and analysts expect an upcoming meeting in Qatar to have little-effect on the current supply and demand situation.

OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC producers have been invited to the April 17 meeting to discuss balancing the market and recovering the global economy.

CHINA’S CONSUMER PRICES UP IN MARCH, PRODUCER PRICES FALL
China’s consumer price inflation rose 2.3 per cent in March, according to reports on Monday.

However, producer prices fell 4.3 per cent in March.

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