Morning Briefing: Equities mixed on oil, Fed, Chinese data

Morning Briefing: Equities mixed on oil, Fed, Chinese data

Morning Briefing: Equities mixed on oil, Fed, Chinese data Equities mixed on oil, Fed, Chinese data
A range of factors are weighing on the markets Thursday with revised talks a US interest rate rise following the release of the Fed’s latest minutes in the previous session; oil prices are declining on OPEC’s record output; and Chinese data showing weak imports and exports in September.

Asian markets have closed mostly lower although Shanghai managed a slim gain. South Korea’s central bank opted to hold interest rates at 1.25 per cent with rising concern over the country’s household debt levels.

European markets are also lower with Germany and France both off by more than 1 per cent. In London, food giant Unilever’s shares were down more than 3 per cent amid a dispute with the UK’s largest grocery chain Tesco. The retailer has pulled some Unilever products from its range after a dispute about pricing. It appears that the low valued pound is behind the row.

Wall Street and Toronto are expected to open lower.
 
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North America (previous session)
US Dow Jones 18,144.20 (+0.09 per cent) -0.99 per cent +5.91 per cent
TSX Composite 14,618.97 (+0.48 per cent) +1.88 per cent +5.59 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,999.83 (-0.34 per cent) +5.01 per cent +10.37 per cent
German DAX 10,410.51 (-1.07 per cent) +0.23 per cent +3.76 per cent
 
Asia (at close)
China CSI 300 3,302.65 (+0.08 per cent) +1.30 per cent -4.13 per cent
Japan Nikkei 16,774.24 (-0.39 per cent) +0.27 per cent -8.01 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
51.60
(-0.46 per cent)
49.89
(-0.58 per cent)
1259.40
(+0.55 per cent)
U$0.7528
 
Aus. Dollar
U$0.7523

 
Germany’s top court says provisional yes to Canada trade deal
The CETA trade deal between Canada and the EU has cleared a hurdle in Germany’s top court, moving the agreement a step closer. While it has not been without its opponents here and in Europe, CETA is expected to be agreed by EU ministers Tuesday with its signing taking place on Oct. 27.