Oil gains boost equities, Asian growth concerns... Interest rates will stay low long-term says Gartman...
Oil gains boost equities, Asian growth concerns
Oil prices gained overnight on data showing lower US crude stockpiles although stocks of refined products are a concern.
Global growth remains a concern with the Fed minutes in focus for its dovish tone and the decision to hold interest rates for now. US jobless claims data is due at 8.30am ET.
Asian markets closed mixed as oil gave energy stocks a boost while overall sentiment remains subdued. S&P has cut its credit rating outlook for Australia to negative due to the political deadlock post-election and its high levels of external debt.
European indexes are higher so far following the Fed and oil prices but the Brexit impact is never far away and markets remain volatile.
Wall Street and Toronto are expected to open higher.
Interest rates will stay low long-term says Gartman
Influential investor Dennis Gartman says that interest rates are set to remain low in the US for a long time. He told CNBC that it could be another year before the Fed decides to make its next increase.
He said that the Fed used the Brexit vote as “a reason to do nothing” and cited the “tepid” growth in the Us economy for the continued dovish tone.
Oil prices gained overnight on data showing lower US crude stockpiles although stocks of refined products are a concern.
Global growth remains a concern with the Fed minutes in focus for its dovish tone and the decision to hold interest rates for now. US jobless claims data is due at 8.30am ET.
Asian markets closed mixed as oil gave energy stocks a boost while overall sentiment remains subdued. S&P has cut its credit rating outlook for Australia to negative due to the political deadlock post-election and its high levels of external debt.
European indexes are higher so far following the Fed and oil prices but the Brexit impact is never far away and markets remain volatile.
Wall Street and Toronto are expected to open higher.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 17,918.62 (+0.44 per cent) | -0.11 per cent | +0.80 per cent |
| TSX Composite | 14,231.06 (+0.08 per cent) | -0.94 per cent | -2.69 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,579.03 (+1.79 per cent) | +4.69 per cent | +2.28 per cent |
| German DAX | 9,505.81 (+1.41 per cent) | -7.60 per cent | -10.97 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,209.95 (-0.21 per cent) | +1.04 per cent | -18.28 per cent |
| Japan Nikkei | 15,276.24 (-0.67 per cent) | -8.39 per cent | -25.03 per cent |
| Other Data (at 4.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 49.23 (+0.88 per cent) |
47.86 (+0.91 per cent) |
1368.40 (+0.10 per cent) |
U$0.7739 |
| Aus. Dollar |
|||
| U$0.7536 | |||
Interest rates will stay low long-term says Gartman
Influential investor Dennis Gartman says that interest rates are set to remain low in the US for a long time. He told CNBC that it could be another year before the Fed decides to make its next increase.
He said that the Fed used the Brexit vote as “a reason to do nothing” and cited the “tepid” growth in the Us economy for the continued dovish tone.
