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Global markets: US private sector gains

By Commodity News Service Canada

WINNIPEG, March 2 – The following is a glance at the news moving markets globally.

US PRIVATE SECTOR ADDS JOBS
The US private sector gained 214,000 employees in February, according to reports on Tuesday.

The data was ahead of analyst expectations. The country’s labour department is set to release non-farm job data on Friday.

AUSTRALIA’S ECONOMY PERFORMS BETTER THAN EXPECTED
Australia’s economy grew three per cent in 2015, despite the end of the country’s mining boom.

Mining has been long been a major driving force of the country’s economy, but the industry saw one of its biggest downturns in about 100 years.

CANADA’S OIL AND GAS SPENDING DROPS OFF
Capital expenditures for the oil and gas extraction industries totalled C$11.9 billion in the fourth quarter, down 46.4 per cent from the fourth quarter of 2014, Statistics Canada said in a report on Wednesday.

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