Global stocks stable, oil gains... Could oil hit $25? This official thinks so...
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.
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.
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.
| Latest | 1 month ago | 1 year ago | |
| 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.
