Morning Briefing: Asian stocks continue rebound, Europe mixed

Morning Briefing: Asian stocks continue rebound, Europe mixed

Morning Briefing: Asian stocks continue rebound, Europe mixed Asian stocks continue rebound, Europe mixed
After two days of gains for global stock markets, Thursday’s session is showing disparity.

Asian markets remained broadly positive, taking their lead from Wall Street in the previous session, although the gains were subdued compared to the previous two sessions. Shanghai closed slightly lower.

European markets are showing less optimism as rhetoric from EU and UK leaders abounds, creating greater uncertainty about how the Brexit scenario may play out.

London and Frankfurt are both slightly lower so far Thursday while Paris is faring better. The pound has strengthened against the greenback.

Oil prices have slipped slightly this morning following overnight gains but benchmark Brent remains above $50 while US crude is hovering above $49. Official data released Wednesday showed that US stockpiles were down by 4 million barrels last week, the 6th consecutive  week of declines.

Wall Street and Toronto are expected to open higher. US jobless claims data will be in focus.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 17,694.68 (+1.64 per cent) -0.52 per cent +0.43 per cent
TSX Composite 14,036.74 (+1.40 per cent) -0.21 per cent -3.35 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,339.66 (-0.32 per cent) +1.75 per cent -2.78 per cent
German DAX 9,622.81 (+0.11 per cent) -6.24 per cent -12.08 per cent
 
Asia (at close)
China CSI 300 3,153.92 (+0.08 per cent) -0.49 per cent -29.49 per cent
Japan Nikkei 15,575.92 (+0.06 per cent) -9.63 per cent -23.03 per cent
 
Other Data (at 4.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
50.03
(-1.15 per cent)
49.34
(-1.08 per cent)
1319.40
(-0.57 per cent)
U$0.7716
 
Aus. Dollar
U$0.7435

 
Millennial investors expect a bull market, boomers less convinced
Millennial investors are far more likely to believe that there will be a bull market in the next 1 to 3 years than Baby Boomers.

A poll by Securian Financial Group found that 71 per cent of millennials predict a bull market compared to 50 per cent of boomers. It also revealed that 42 per cent of millennials said they are knowledgeable about investments compared to 17 per cent of boomers.