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Global markets: Weak pound helps UK exports grow

By Commodity News Service Canada

WINNIPEG, August 23 – The following is a glance at the news moving markets globally.

UK EXPORTS INCREASE
The UK’s exports moved at the fastest rate in two years in August, according to reports out of the country on Tuesday.

Market watchers say a weaker pound added to the advances. But on the flipside, some retailers are concerned they may need to raise their prices due to higher costs for imported products.

JAPAN’S MANUFACTURING OUTPUT RISES
Japan’s manufacturing output increased for the first time in six months, according to reports out of the country on Tuesday.

A measure of manufacturing in the country remained at contraction-levels, but saw a slight increase in August from July.

CANADIAN NATURAL GAS INVENTORIES INCREASE
Natural gas transmission pipelines received 502.3 million gigajoules of natural gas from fields, gathering systems and plants in June, Statistics Canada said in a report on Tuesday.

Natural gas transmission and distribution systems delivered 178.5 million gigajoules to industrial consumers, 18.4 million gigajoules to residential consumers and 17.8 million gigajoules to commercial and institutional consumers.

In June, opening inventories of natural gas stored in Canadian facilities totalled 799.5 million gigajoules. Closing inventories rose 6.9 per cent to 854.9 million gigajoules, StatsCan data said.

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