Morning Briefing: Markets mixed on regional issues

Morning Briefing: Markets mixed on regional issues

Morning Briefing: Markets mixed on regional issues Markets mixed on regional issues
While oil prices and the likely Fed interest rate rise are still key concerns, the markets are focusing on regional issues Tuesday.

Asian markets closed mostly higher following Australia’s central bank’s decision to hold interest rates steady; and backing for South Korea from the US which will install an anti-missile system to protect it from its northern neighbour. Tokyo’s Nikkei was the main under-performer of the session.
European markets are mixed on data showing a hold-steady for Eurozone GDP and weakness in German factory orders. 

Wall Street and Toronto are expected to open lower. Canadian international trade data is due.
 

 

Latest

1 month ago

1 year ago

 

North America (previous session)

US Dow Jones

20,954.34 (-0.24 per cent)

+4.30 per cent

+22.73 per cent

TSX Composite

15,629.75 (+0.14 per cent)

+0.84 per cent

+16.78 per cent

 

Europe (at 5.00am ET)

UK FTSE

7,357.59 (+0.10 per cent)

+2.38 per cent

+19.01 per cent

German DAX

11,973.15 (+0.12 per cent)

+3.67 per cent

+22.45 per cent

 

Asia (at close)

China CSI 300

3,453.96 (+0.22 per cent)

+2.62 per cent

+11.24 per cent

Japan Nikkei

19,344.15 (-0.18 per cent)

+2.29 per cent

+14.39 per cent

 

Other Data (at 5.00am ET)

Oil (Brent)

Oil (WTI)

Gold

Can. Dollar

56.08

(+0.12 per cent)

53.29

(+0.17 per cent)

1223.20

(-0.19 per cent)

U$0.7458

 

Aus. Dollar

U$0.7586



OECD warning over global economy
Political uncertainties along with market volatility and financial vulnerabilities could derail global growth, the OECD warned Tuesday.

Although it forecasts a 3.5 per cent growth for the global economy and sentiment is up, the organization said that consumption, trade and investment remain weak.

With several new governments and forthcoming elections, there is also a growing trend of populations lacking trust in their political leaders which may affect governments’ abilities to drive growth programs.