Equities weak, oil prices stabilize... Investors sell bonds on central bank concerns...
Equities weak, oil prices stabilize
Global equity markets are weak so far Thursday amid fluctuations in oil and gold prices. Both have recovered some lost ground overnight but remain subdued.
Asian indexes closed lower as energy and materials stocks slipped. Sydney led the declines despite stronger quarterly export data.
European markets are also trending downwards. Corporate earnings are again in focus. Central banks in Norway and Sweden announced they are holding interest rates steady and the UK beat expectations for GDP.
Wall Street and Toronto are expected to open lower ahead of earnings and US data on jobless claims, durable goods orders and home sales.
Investors sell bonds on central bank concerns
Investors are anticipating a tightening of monetary policy by central banks as economies improve, resulting in a sell-off of government bonds.
Meanwhile, the US dollar has gained amid expectation that the Fed will increase interest rates soon with analysts pricing odds of around 73 per cent of a rise in December.
Global equity markets are weak so far Thursday amid fluctuations in oil and gold prices. Both have recovered some lost ground overnight but remain subdued.
Asian indexes closed lower as energy and materials stocks slipped. Sydney led the declines despite stronger quarterly export data.
European markets are also trending downwards. Corporate earnings are again in focus. Central banks in Norway and Sweden announced they are holding interest rates steady and the UK beat expectations for GDP.
Wall Street and Toronto are expected to open lower ahead of earnings and US data on jobless claims, durable goods orders and home sales.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,199.33 (+0.17 per cent) | +0.58 per cent | +3.27 per cent |
| TSX Composite | 14,807.56 (-0.42 per cent) | +1.71 per cent | +8.09 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,941.54 (-0.24 per cent) | +1.97 per cent | +9.05 per cent |
| German DAX | 10,680.66 (-0.27 per cent) | +3.08 per cent | -0.11 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,345.70 (-0.27 per cent) | +3.24 per cent | -6.88 per cent |
| Japan Nikkei | 17,336.42 (-0.32 per cent) | +3.91 per cent | -7.67 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 50.21 (+0.46 per cent) |
49.29 (+0.22 per cent) |
1269.50 (+0.23 per cent) |
U$0.7476 |
| Aus. Dollar |
|||
| U$0.7616 | |||
Investors sell bonds on central bank concerns
Investors are anticipating a tightening of monetary policy by central banks as economies improve, resulting in a sell-off of government bonds.
Meanwhile, the US dollar has gained amid expectation that the Fed will increase interest rates soon with analysts pricing odds of around 73 per cent of a rise in December.
