Global stocks rebound as sentiment rises in Asia

Global stocks rebound as sentiment rises in Asia

Global stocks rebound as sentiment rises in Asia Asian investors picked up the wave of optimism from North America and Europe for their session Wednesday and most of the major indexes gained.

China closed around 2 per cent higher but it was Japan which stole the show with a 7.7 per cent rise in the Nikkei. Asian markets are expecting to hear of greater stimulus from Beijing which is boosting the overall mood. China’s premier Li Keqiang told an economics forum that the country’s prospects were positive despite current conditions.

European markets are higher so far with German data adding to the optimism sweeping across from Asia. 
Wall Street and Toronto are set for higher openings; Canadian markets will be awaiting the 10am ET announcement from the BoC regarding interest rates. Analysts are not expecting a change but the central bank has surprised them before!
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 16,492.68 (+2.42 per cent) -5.07 per cent -3.06 per cent
TSX Composite 13,630.67 (+1.13 per cent) -4.70 per cent -12.27 per cent
 
Europe (at 6.15am ET)
UK FTSE 6,257.69 (+1.82 per cent) -6.86 per cent -8.37 per cent
German DAX 10,437.21 (+1.61 per cent) -9.17 per cent +7.48 per cent
 
Asia (at close)
China CSI 300 3,399.31 (+1.96 per cent) -12.99 per cent +39.02 per cent
Japan Nikkei 18,770.51 (+7.71 per cent) -9.43 per cent +19.18 per cent
 
Other Data (at 6.15am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
49.53
(-0.01 per cent)
45.80
(-0.30 per cent)
1120.90
(-0.01 per cent)
U$0.7562
 
Aus. Dollar
U$0.7040