Global markets: US jobless claims up on the week

By Commodity News Service Canada

WINNIPEG, June 16 – The following is a glance at the news moving markets globally.

US JOBLESS CLAIMS UP, LABOUR MARKET REMAINS HEALTHY
US jobless claims in the week ended June 11 increased by 13,000 to a seasonally adjusted 277,000, according to data from the country’s labour department on Thursday.

However, the US labour force is still healthy, analysts say, as claims have been below 300,000 for 67 consecutive weeks, the longest streak since 1973.

FEDERAL RESERVE HOLDS RATES STEADY
The US Federal Reserve is holding interest rates steady, officials said on Wednesday.

The Fed is still expected to raise interest rates twice this year, but said there would be fewer hikes in coming years.

CANADA’S FOREIGN INVESTMENT UP IN APRIL
Foreign investment in Canadian securities amounted to C$15.5 billion in April, the fourth straight month of relatively strong activity. At the same time, Canadian investors acquired C$4.7 billion of foreign securities, mainly debt instruments, Statistics Canada said in a report on Thursday.

According to StatsCan, international transactions in securities generated a net inflow of funds into the Canadian economy in each of the first four months of 2016.

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