Morning Briefing: Global stocks mixed on oil, ECB

Morning Briefing: Global stocks mixed on oil, ECB

Morning Briefing: Global stocks mixed on oil, ECB Global stocks mixed on oil, ECB
Oil prices are continuing to decline Thursday with benchmark Brent dropping below $28 and slipping below US crude again.  Lower oil prices are having a circular effect on Middle East economies as lower revenues from oil slow down other industries, reducing demand for oil, exacerbating declining prices. $20 a barrel is an increasing bet.

Asian markets closed with losses, as a sell-off gathered pace during the session. Shanghai and Tokyo led the decline.

In Europe it’s a different story so far as investors hold fire on a sell-off ahead of the year’s first meeting of the European Central Bank. There will be a press conference at 8.30am ET and the markets are expecting some confidence-boosting words from ECB president Mario Draghi. Failure to deliver could mean a slump for Europe’s stocks later in the session.

Wall Street and Toronto are expected to open lower.
  Latest 1 month ago 1 year ago
North America (previous session)
US Dow Jones 15,766.74 (-1.56 per cent) -8.61 per cent -10.18 per cent
TSX Composite 11,843.11 (-1.33 per cent) -9.14 per cent -18.66 per cent
Europe (at 5.30am ET)
UK FTSE 5,695.14 (+0.38 per cent) -5.63 per cent -15.35 per cent
German DAX 9,435.26 (+0.46 per cent) -10.12 per cent -8.39 per cent
Asia (at close)
China CSI 300 3,081.35 (-2.93 per cent) -20.30 per cent -13.17 per cent
Japan Nikkei 16,017.26 (-2.43 per cent) -15.32 per cent -7.31 per cent
Other Data (at 5.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
(-0.25 per cent)
(-0.53 per cent)
(-0.80 per cent)
Aus. Dollar

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