By Commodity News Service Canada
WINNIPEG, October 18 – The following is a glance at the news moving markets globally.
US CONSUMER PRICES RISE IN SEPTEMBER
The US Consumer Price Index gained 0.3 per cent in September, following a 0.2 per cent increase in August, the country’s labour department said on Tuesday.
Higher gasoline and rent prices contributed to the increase, market watchers say.
ASIA HEAVY BUYER OF IRANIAN OIL
Asian countries have been buying large amounts, about 62 per cent, of Iran’s oil, according to reports on Tuesday.
Iranian officials say they expect the export pace to continue to rise.
CANADIAN MANUFACTURING UP IN AUGUST
Manufacturing sales increased 0.9 per cent to C$51.1 billion in August, reflecting higher sales of food, primary metal, and petroleum and coal products, Statistics Canada said in a report on Tuesday.
Sales were up in 15 of 21 industries, representing 69 per cent of the total Canadian manufacturing sector. The increase reflected a higher volume of goods sold, as constant dollar sales rose 1.2 per cent.