Morning Briefing: Mixed markets on regional issues

Morning Briefing: Mixed markets on regional issues

Morning Briefing: Mixed markets on regional issues Mixed markets on regional issues
Regional issues are dominating markets Thursday while a variety of data is also being digested.

Asian markets closed mixed as the Nikkei was pressured by a further fall for cash-strapped tech firm Toshiba and Shanghai closed higher despite data showing much weaker-than-expected foreign direct investment last month.

Sydney’s ASX gained as data showed stronger employment figures although mainly in part-time roles.

European markets are focusing on regional earnings and the start of the G20 Finance Ministers meeting in Germany. The ECB will also publish its January meeting minutes. Most European indexes are trending lower so far.

Wall Street and Toronto are expected to open lower. US housing data and jobless claims figures are due.
 

 

Latest

1 month ago

1 year ago

North America (previous session)

US Dow Jones

20,611.86 (+0.52 per cent)

+3.65 per cent

+27.26 per cent

TSX Composite

15,844.95 (+0.37 per cent)

+2.36 per cent

+26.20 per cent

Europe (at 5.00am ET)

UK FTSE

7,272.69 (-0.41 per cent)

-0.74 per cent

+24.06 per cent

German DAX

11,773.23 (-0.18 per cent)

+1.89 per cent

+28.88 per cent

Asia (at close)

China CSI 300

3,440.93 (+0.56 per cent)

+3.66 per cent

+13.30 per cent

Japan Nikkei

19,347.53 (-0.47 per cent)

+1.32 per cent

+20.51 per cent

Other Data (at 5.00am ET)

Oil (Brent)

Oil (WTI)

Gold

Can. Dollar

55.75

(-0.00 per cent)

53.16

(+0.09 per cent)

1238.20

(+0.41 per cent)

U$0.7665

 

Aus. Dollar

U$0.7693



Snap valuation at lower end of range says WSJ
One of the most high-anticipated IPOs in recent times is drawing closer. Tech firm Snap, operator of the popular social media platform Snapchat, will go public within a few weeks, with March 2nd
being touted.

The Wall Street Journal says that the company has set its valuation at the lower end of its expected $20-$25 billion; somewhere between $19.5bn and $22.5bn, or $14-$16 per share.