Morning Briefing: Central banks in focus, markets generally higher

Morning Briefing: Central banks in focus, markets generally higher

Morning Briefing: Central banks in focus, markets generally higher Central banks in focus, markets generally higher
Equity markets are generally higher Monday as investors await meetings of the Fed and Bank of Japan this week.

Asian markets have closed mostly higher although the Nikkei was impacted by an 18 per cent drop in Nintendo shares which is due to announce results this week. Although the firm is associated with the hugely-popular Pokemon Go craze, it only holds 32 per cent of the Pokemon company to which it must pay a licensing fee.

European stocks are higher despite another act of violence in Germany. A poll of German business sentiment was better than expected, although down slightly from the previous reading. Although the recent spate of terrorist incidents and other violent acts, the region’s tourism sector is showing positive indicators.

Wall Street and Toronto are expected to open higher. No major data releases are due.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 18,570.85 (+0.29 per cent) +6.72 per cent +5.71 per cent
TSX Composite 14,600.66 (+0.24 per cent) +5.10 per cent +2.92 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,749.11 (+0.28 per cent) +9.94 per cent +2.57 per cent
German DAX 10,235.92 (+0.87 per cent) +7.10 per cent -9.80 per cent
 
Asia (at close)
China CSI 300 3,230.89 (+0.18 per cent) +5.00 per cent -22.64 per cent
Japan Nikkei 16,620.29 (-0.04 per cent) +11.16 per cent -19.10 per cent
 
Other Data (at 4.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
45.60
(-0.20 per cent)
44.04
(-0.34 per cent)
1314.70
(-0.66 per cent)
U$0.7599
 
Aus. Dollar
U$0.7483
 
 
Oil, gold in decline
Prices for oil and gold are declining so far Monday. There are concerns that the global supply glut will keep oil prices subdued for some time and Monday’s prices were at a near 2-month low. Analysts are calling for further volatility as economic headwinds and economic uncertainly weigh heavily.

For gold producers, prices are also declining ahead of meetings from the Fed and BoJ. A stronger US dollar and gaining equities are making the precious metal less of a draw for investors currently.