Morning Briefing: Markets positive ahead of jobs data

Morning Briefing: Markets positive ahead of jobs data

Morning Briefing: Markets positive ahead of jobs data Markets positive ahead of jobs data

A more positive tone has spread across global markets Friday as investors await jobs data from the US which are likely to essentially confirm a Fed interest rate rise this month.

Commodity prices have stabilized although US crude remains below the $50 mark.

Asian indexes closed mostly higher led by Tokyo and Sydney. Seoul gained as South Koreans considered the potential impeachment of their president over corruption charges. Shanghai was the notable loser of the session following weak data in the previous session.

European markets were boosted this week by the ECB holding interest rates steady and giving a less urgent tone to its stimulus measures. German trade data is due.

Wall Street and Toronto are expected to open higher. Canadian and US employment data is due.
 

 

Latest

1 month ago

1 year ago

 

North America (previous session)

US Dow Jones

20,858.19 (+0.01 per cent)

+2.90 per cent

+22.73 per cent

TSX Composite

15,496.84 (-0.00 per cent)

-1.48 per cent

+15.83 per cent

 

Europe (at 5.00am ET)

UK FTSE

7,348.60 (+0.46 per cent)

+1.24 per cent

+21.73 per cent

German DAX

12,054.09 (+0.63 per cent)

+3.32 per cent

+26.91 per cent

 

Asia (at close)

China CSI 300

3,427.89 (+0.03 per cent)

+0.42 per cent

+13.76 per cent

Japan Nikkei

19,604.61 (+1.48 per cent)

+1.16 per cent

+16.33 per cent

 

Other Data (at 5.00am ET)

Oil (Brent)

Oil (WTI)

Gold

Can. Dollar

52.23

(+0.08 per cent)

49.41

(+0.26 per cent)

1196.00

(-0.60 per cent)

U$0.7409

 

Aus. Dollar

U$0.7523


Women investors take control of household finances 

Canada’s female investors are more likely to take control of overall household finances according to a survey from CIBC, but there is a confidence issue that affects many.

Ninety-two per cent of women who hold investments say that they are the primary or joint financial decision makers in their household. The poll also found that 29 is the average age at which women will become investors. 

"Women are leaning in and making major decisions on wealth and financial planning for themselves and their family," says Sarah Widmeyer, Managing Director and Head of Wealth Strategies, CIBC. "However, our poll findings clearly show there is more work to be done to help women build confidence. A conversation only about investment returns isn't enough for most women. They want to know how an investment strategy will help them achieve their goals."