Morning Briefing: Cautious gains for equities, oil hits $50

Morning Briefing: Cautious gains for equities, oil hits $50

Morning Briefing: Cautious gains for equities, oil hits $50 Cautious gains for equities, oil hits $50

Equity markets have shown some cautious risk-taking Friday despite ongoing political wobbles in Washington.
Meanwhile, oil prices have risen overnight as investors bet on an OPEC production cut extension. US crude hit $50 in early trading.

Asian indexes closed mostly higher with Australia’s ASX the notable loser of the session as banks lost value along with industrials.

European markets are trending higher with German producer prices edging upwards, and Greece passing new austerity measures which its lawmakers expect to mean a further injection of credit for the flagging economy.
Elsewhere, Brazilian markets will react to corruption claims directed at its president. Shares plunged Thursday as the news broke.

Wall Street and Toronto are expected to open higher. A range of Canadian data is due including consumer prices and retail sales.
 

 

Latest

1 month ago

1 year ago

 

North America (previous session)

US Dow Jones

20,663.02 (+0.27 per cent)

+1.27 per cent

+18.51 per cent

TSX Composite

15,277.20 (+0.02 per cent)

-1.77 per cent

+10.57 per cent

 

Europe (at 5.00am ET)

UK FTSE

7,472.78 (+0.49 per cent)

+5.04 per cent

+23.45 per cent

German DAX

12,643.57 (+0.43 per cent)

+5.22 per cent

+29.07 per cent

 

Asia (at close)

China CSI 300

3,403.85 (+0.17 per cent)

-1.22 per cent

+11.15 per cent

Japan Nikkei

19,590.76 (+0.19 per cent)

+6.29 per cent

+17.69 per cent

 

Other Data (at 5.00am ET)

Oil (Brent)

Oil (WTI)

Gold

Can. Dollar

53.23

(+1.37 per cent)

50.00

(+1.32 per cent)

1251.00

(-0.14 per cent)

U$0.7365

 

Aus. Dollar

U$0.7450


Automakers settle airbag lawsuit

Four vehicle manufacturers have settled a class-action lawsuit over their use of faulty Takata airbags.

Toyota, Mazda, BMW and Subaru will pay a combined $553 million while others including Honda, Ford and Nissan have yet to be settled, Reuters reports.

The settlement is not an admission of fault or liability by the auto makers who said in a joint statement that the scale and scope of the recall is the reason for their agreement.

In total around 16 million vehicles from 19 manufacturers have been recalled.