Morning Briefing: Global stocks stable, oil gains

Morning Briefing: Global stocks stable, oil gains

Morning Briefing: Global stocks stable, oil gains Global stocks stable, oil gains
While there may be more volatility to come, Friday’s trading sessions have seen some stability.

In a week where the Chinese market was prematurely shut down twice, due to a circuit breaker policy which has now been suspended, the more balanced session has been a welcome conclusion.
Asian markets closed mixed as Shanghai rebounded to close more than 2 per cent higher. Tokyo and Sydney were among those ending the session with losses.

European indexes are generally higher so far with optimism spreading from Asia and oil prices also heading higher after falling Thursday.

Wall Street will be eyeing jobs data due at 8.30am ET. The indexes are expected to open higher along with Toronto.
 
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North America (previous session)
US Dow Jones 16,514.10 (-2.32 per cent) -6.00 per cent -7.78 per cent
TSX Composite 12,448.21 (-2.19 per cent) -3.67 per cent -13.90 per cent
 
Europe (at 6.00am ET)
UK FTSE 5,985.38 (+0.53 per cent) -2.44 per cent -8.90 per cent
German DAX 10,022.27 (+0.43 per cent) -6.10 per cent +1.88 per cent
 
Asia (at close)
China CSI 300 3,361.56 (+2.04 per cent) -7.22 per cent -5.55 per cent
Japan Nikkei 17,697.96 (-0.39 per cent) -9.21 per cent +3.09 per cent
 
Other Data (at 6.00am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
33.89
(+0.41 per cent)
33.33
(+0.16 per cent)
1097.50
(+0.93 per cent)
U$0.7084
 
Aus. Dollar
U$0.7023
 
 
Could oil hit $25? This official thinks so
A rise in prices may be a relief for energy firms but prices could head even lower if an Iranian official’s prediction comes true. Former oil advisor to the Iranian prime minister Fereidun Fesharaki told The Times of London that if his country adds to the global supply glut then prices could dip as low as $25 a barrel. Fesharaki is chair of the FGE energy consultancy and says that Iranian producers are ready to ship 500,000 barrels a day within a week of sanctions being lifted.