Morning Briefing: Equities weak, oil prices stabilize

Morning Briefing: Equities weak, oil prices stabilize

Morning Briefing: Equities weak, oil prices stabilize 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.
 
  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.