Morning Briefing: Markets gain as oil stays above $40

Morning Briefing: Markets gain as oil stays above $40

Morning Briefing: Markets gain as oil stays above $40 Markets gain as oil stays above $40
World markets are reacting positively to higher oil prices; US crude has held above $40 while the international benchmark Brent is above $41 Friday.

Asian markets closed higher led by Shanghai but Tokyo was the exception again as the stronger yen hit shares in exporters.

European indexes began their session lower but have gained since with oil prices driving sentiment. In line with words from Canadian PM Justin Trudeau, the president of the ECB said Thursday that monetary policy is not enough to boost economic growth. Mario Draghi said that national governments need to implement structural reforms.

Wall Street and Toronto are expected to open higher.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 17,481.49 (+0.90 per cent) +6.25 per cent -2.06 per cent
TSX Composite 13,621.30 (+1.06 per cent) +5.34 per cent -8.96 per cent
 
Europe (at 5.30am ET)
UK FTSE 6,213.02 (+0.19 per cent) +4.04 per cent -10.54 per cent
German DAX 9,896.00 (+0.04 per cent) +4.57 per cent -17.00 per cent
 
Asia (at close)
China CSI 300 3,171.96 (+1.53 per cent) +3.87 per cent -17.53 per cent
Japan Nikkei 16,724.81 (-1.25 per cent) +3.26 per cent -14.43 per cent
 
Other Data (at 6.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
41.58
(+0.10 per cent)
40.32
(+0.30 per cent)
1255.70
(-0.74 per cent)
U$0.7690
 
Aus. Dollar
U$0.7625

This could be a disaster for the global economy
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