Morning Briefing: Global stocks advance on Fed’s interest rate prospects

Morning Briefing: Global stocks advance on Fed’s interest rate prospects

Morning Briefing: Global stocks advance on Fed’s interest rate prospects Global stocks advance on Fed’s interest rate prospects
The world’s stock markets have digested words from the Fed in the previous session and almost all are trading higher so far Thursday.

The Fed’s latest minutes lean towards a rate increase mid-December but also that increases are likely to be slow and steady. There are Fed speakers scheduled during Thursday’s session and analysts will be watching closely.

Asian markets have ended the day higher with China boosted by a cut in interest rates from small lenders to entrepreneurs in a bid to add growth from the small business sector which was not covered by previous rate cuts. Tokyo gained as the Bank of Japan held firm on policy; Sydney was boosted by the stronger lead from Wall Street which helped resources stocks in particular.

European indexes are also higher so far with US and Asian market leads creating an optimistic tone.

Wall Street and Toronto are expected to open higher.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 17,737.16 (+1.42 per cent) +2.94 per cent +0.29 per cent
TSX Composite 13,399.97 (+0.90 per cent) -2.61 per cent -10.55 per cent
 
Europe (at 6.00am ET)
UK FTSE 6,360.16 (+1.29 per cent) +0.12 per cent - 5.02 per cent
German DAX 11,148.59 (+1.72 per cent) +9.68 per cent +17.69 per cent
 
Asia (at close)
China CSI 300 3,774.97 (+1.60 per cent) +6.81 per cent +48.78 per cent
Japan Nikkei 19,859.81 (+1.07 per cent) +9.53 per cent +14.87 per cent
 
Other Data (at 6.00am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
44.53
(+0.88 per cent)
40.80
(+0.12 per cent)
1072.90
(+0.39 per cent)
U$0.7541
 
Aus. Dollar
U$0.7174
 

Goldman Sachs expects weak commodities in 2016
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