Morning Briefing: Japan gains on industrial output spike

Morning Briefing: Japan gains on industrial output spike

Morning Briefing: Japan gains on industrial output spike Japan gains on industrial output spike
Asian markets have ended their day mixed Thursday with Japan gaining following an unexpected rise in industrial output. Analysts polled by the Wall Street Journal and the Nikkei were expecting a decline of 0.5 per cent for the month but there was a 1 per cent gain. Tokyo and Shanghai closed higher with the other major Asian indexes lower.

European markets are also lower following the Fed’s hold-steady on interest rates Wednesday, while regional earnings including Barclays and Nokia disappointed.
Wall Street and Toronto are expected to open slightly lower Thursday.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 17,779.52 (+1.13 per cent) +11.11 per cent +4.55 per cent
TSX Composite 13,863.16 (+1.19 per cent) +6.34 per cent -4.57 per cent
 
Europe (at 6.10am ET)
UK FTSE 6,380.19 (-0.89 per cent) +7.97 per cent -1.14 per cent
German DAX 10,822.26 (-0.09 per cent) +14.52 per cent +19.15 per cent
 
Asia (at close)
China CSI 300 3,533.31 (+0.24 per cent) +11.15 per cent +44.14 per cent
Japan Nikkei 18,935.71 (+0.17 per cent) +11.84 per cent +21.74 per cent
 
Other Data (at 6.15am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
48.45
(-1.22 per cent)
45.40
(-1.18 per cent)
1171.50
(+0.49 per cent)
U$0.7568
 
Aus. Dollar
U$0.7088

Crude futures lower as inventories increase
Rising oil stockpiles in the US were within expectations but have led to a decline in the oil price so far Thursday. However with Brent up more than 5 per cent and WTI gaining almost 7 per cent in the previous session it is unlikely that those gains will be wiped out. Although US crude stocks were higher in the weekly EIA figures, petroleum products fell more than expected.
 
Deutsche Bank could be about to settle probe for $200 million
An investigation into the breaching of sanctions is close to being resolved. The probe involving German bank Deutsche has been led by New York’s state regulator and the Fed and the New York Times reports that the bank could be about to settle for $200 million.