Morning Briefing: Markets mixed ahead of ‘quiet’ week

Morning Briefing: Markets mixed ahead of ‘quiet’ week

Morning Briefing: Markets mixed ahead of ‘quiet’ week Markets mixed ahead of ‘quiet’ week
It’s a shorter week for many of the world’s markets and there is also very little major economic data due which could result in some narrower movement of equity indexes.

Monday has started with mixed fortunes for world markets amid Brent oil prices holding above $41 while US crude has declined again following data last week showing a rising rig count.

In Asia, Shanghai has outperformed peers, rising more than 2 per cent despite a warning from the country’s central bank that companies are borrowing too much in relation to the economy.  Tokyo was the main loser of the session as exporters once again came under pressure from the stronger yen.

European markets have seen gains this morning although there are still pockets of weakness which could see a reversal later. Miners and energy firms are most vulnerable.

Wall Street and Toronto are expected to open higher.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 17,602.30 (+0.69 per cent) +7.38 per cent -2.90 per cent
TSX Composite 13,497.07 (-0.91 per cent) +5.34 per cent -9.67 per cent
 
Europe (at 5.30am ET)
UK FTSE 6,205.91 (+0.26 per cent) +4.30 per cent -11.63 per cent
German DAX 10,067.43 (+1.17 per cent) +7.24 per cent -16.38 per cent
 
Asia (at close)
China CSI 300 3,249.44 (+2.44 per cent) +6.48 per cent -16.52 per cent
Japan Nikkei 16,724.81 (-1.25 per cent) +4.74 per cent -14.50 per cent
 
Other Data (at 6.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
41.28
(+0.19 per cent)
39.14
(-0.76 per cent)
1245.20
(-0.73 per cent)
U$0.7675
 
Aus. Dollar
U$0.7618

Fed exec warns of increasing US inflation
US inflation is set to return to 2 per cent according to the president of the Richmond Fed. Jeffery Lacker said Monday at a conference in France that although inflation has stayed low since the recession there is an increased “upside risk” of higher inflation which could adversely impact the US economic growth. He said that once oil bottoms out there will be a significant rise in inflation.