By Commodity News Service Canada
WINNIPEG, January 27 – The following is a glance at the news moving markets globally.
FED EXPECTED TO LEAVE INTEREST RATES UNCHANGED
US Federal Reserve policy makers are wrapping up a two day meeting on Wednesday, and many analysts expect interest rates to hold steady due to turbulence in financial markets.
The Fed will announce their decision at 1:00 p.m. CST on Wednesday.
CHINA INCREASES CRUDE OIL IMPORTS
China’s crude oil imports gained by 8.8 per cent in 2015.
However, market watchers do not expect that to be a continued trend in 2016, as the slowing economy could weigh on demand.
But lower crude oil prices could create increased bargain buying as countries stock up inventories.
ALGERIA SEES STRONGER GRAIN IMPORTS
Algeria, one of the world’s largest grain buyers, saw imports up 11.2 per cent last year.
