Morning Briefing: Markets mixed ahead of US jobs data

Morning Briefing: Markets mixed ahead of US jobs data

Morning Briefing: Markets mixed ahead of US jobs data Markets mixed ahead of US jobs data
Oil price eased in early trade following gains overnight but the relatively stable price is not a major concern so far. Investors are awaiting Friday’s US jobs data with Fed interest rate speculation in focus.

Asian markets closed higher with all the major indexes advancing. Shanghai remains closed for a week-long public holiday.

European indexes are mixed with oil prices lower on profit-taking and US jobs and Brexit on the agenda. German factory orders have gained with domestic demand growing.

Wall Street and Toronto are expected to open flat. Canadian building permits data will be released.
 
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North America (previous session)
US Dow Jones 18,281.03 (+0.62 per cent) -1.14 per cent +8.97 per cent
TSX Composite 14,610.58 (+0.62 per cent) -1.37 per cent +7.06 per cent
 
Europe (at 4.30am ET)
UK FTSE 7,017.24 (-0.23 per cent) +2.80 per cent +10.92 per cent
German DAX 10,594.74 (+0.02 per cent) -0.93 per cent +6.92 per cent
 
Asia (at close)
China CSI 300 3,253.28 (+0.27 per cent) -1.84 per cent +1.57 per cent
Japan Nikkei 16,899.10 (+0.47 per cent) -1.07 per cent -7.08 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
51.65
(-0.40 per cent)
49.58
(-0.50 per cent)
1267.20
(-0.11 per cent)
U$0.7581
 
Aus. Dollar
U$0.7588

 
Global debt soars to record high says IMF
Global debt has surged to $152 trillion according to the latest IMF report. The new record high represents 225 per cent of global GDP, up from 200 per cent in 2002.

The organization says that some countries’ governments should be looking at measures to reduce private debt but it noted that with interest rates at historic lows, that won’t be easy.

The IMF does not have a fixed view on how much debt constitutes too much but it warns that some countries where private debt is very high are those that are of systematic importance such as Brazil and China.