Morning Briefing: Markets mixed, ECB in focus

Morning Briefing: Markets mixed, ECB in focus

Morning Briefing: Markets mixed, ECB in focus Markets mixed, ECB in focus
Oil prices have eased slightly overnight but the benchmark Brent price is still above $40 and there are no signs currently of any reasons for any major swings either way.

World equity markets are mixed ahead of the European Central Bank meeting which is widely anticipated to bring further stimulus for the delicate Eurozone economies. The ECB’s interest rate decision will be announced at 7.45am ET and will be followed by a press conference from president Mario Draghi. Major European indexes are mixed.

Asian markets have closed mixed with Shanghai lower following news of a spike in consumer price inflation in China. New Zealand’s central bank announced a surprise cut in interest rates while South Korea held its rates steady for the ninth consecutive month pushing the KOPSI higher. Hong Kong and Sydney closed lower while Tokyo gained.

Wall Street and Toronto are expected to open higher Thursday.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 17,000.36 (+0.21 per cent) +6.16 per cent -5.53 per cent
TSX Composite 13,392.90 (+0.61 per cent) +9.91 per cent -8.53 per cent
 
Europe (at 5.30am ET)
UK FTSE 6,112.68 (-0.55 per cent) +7.76 per cent -8.80 per cent
German DAX 9,711.70 (-0.12 per cent) +7.70 per cent -15.55 per cent
 
Asia (at close)
China CSI 300 3,013.15 (-1.91 per cent) +1.67 per cent -14.41 per cent
Japan Nikkei 16,852.35 (+1.26 per cent) +7.25 per cent -9.71 per cent
 
Other Data (at 6.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
40.64
(-1.05 per cent)
38.01
(-0.73 per cent)
1249.60
(-0.62 per cent)
U$0.7533
 
Aus. Dollar
U$0.7484

Fed will hike rates again this year say most economists
80 per cent of economists say that the Fed will raise interest rates again in 2016. The National Association for Business Economics poll shows expectation of at least one rate increase this year with 39 per cent expecting two hikes. Seventeen per cent of those polled say they think the Fed will make three rate increases.