Morning Briefing: Markets mostly higher on earnings

Morning Briefing: Markets mostly higher on earnings

Morning Briefing: Markets mostly higher on earnings Markets mostly higher on earnings
Earnings together with rising oil and gold prices are lifting markets so far Tuesday.

Asian indexes closed mostly higher although South Korea was hit by weaker-than-expected GDP data which hit stocks of some major names including Samsung. Hong Kong was also slightly lower and gains for the other major bourses were subdued as oil prices slipped overnight before recovering this morning.

European indexes are trending higher as earnings dominate. Telecoms and banks have been among the star performers so far but the tech sector is down slightly.

Wall Street and Toronto are expected to open higher. US consumer confidence data is due.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 18,223.03 (+0.43 per cent) -0.21 per cent +3.27 per cent
TSX Composite 14,923.01 (-0.11 per cent) +1.53 per cent +6.95 per cent
 
Europe (at 4.30am ET)
UK FTSE 7,019.43 (+0.47 per cent) +1.59 per cent +8.93 per cent
German DAX 10,813.63 (+0.49 per cent) +1.76 per cent +0.18 per cent
 
Asia (at close)
China CSI 300 3,367.45 (+0.00 per cent) +2.80 per cent -5.71 per cent
Japan Nikkei 17,365.25 (+0.76 per cent) +3.65 per cent -7.76 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
51.81
(+0.68 per cent)
50.91
(+0.77 per cent)
1270.20
(+0.51 per cent)
U$0.7504
 
Aus. Dollar
U$0.7643
 

Exchange-traded fund market set to double says EY
A new report from EY forecasts a surge in the exchange-traded fund market; almost doubling by 2020.

Assets under management are expected to reach $6 trillion by 2020, as the strong growth in EFT continues following a decade where average annual growth has been 21.5 per cent.

“The ETF industry is expanding, with competition intensifying as new providers enter the market. Pressure to invest in technology and compliance is making the ability to achieve scale increasingly difficult,” noted EY’s Lisa Kealy.