Morning Briefing: Oil steadies, Chinese stocks plunge 6 per cent

Morning Briefing: Oil steadies, Chinese stocks plunge 6 per cent

Morning Briefing: Oil steadies, Chinese stocks plunge 6 per cent Oil steadies, Chinese stocks plunge 6 per cent
Oil has steadied overnight following losses in the previous session, giving some comfort to fragile markets.

Asian equities gained with all major markets closing higher except for Shanghai. Tightening liquidity in China saw stocks tumble and the composite index closed down more than 6 per cent.

European markets are showing confidence with London and Paris leading the pack. Even a lower-than-expected reading of inflation data (0.3 per cent) has not pushed stocks into negative territory.

Wall Street and Toronto are expected to open higher.
 
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North America (previous session)
US Dow Jones 16,484.99 (+0.32 per cent) +3.78 per cent -9.55 per cent
TSX Composite 12,740.27 (-0.18 per cent) +4.92 per cent -16.34 per cent
 
Europe (at 5.30am ET)
UK FTSE 5,977.20 (+1.88 per cent) +1.70 per cent -13.82 per cent
German DAX 9,241.00 (+0.80 per cent) -5.09 per cent -17.57 per cent
 
Asia (at close)
China CSI 300 2,918.75 (-6.14 per cent) -6.72 per cent -16.10 per cent
Japan Nikkei 16,140.34 (+1.41 per cent) -5.67 per cent -13.15 per cent
 
Other Data (at 6.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
34.16
(-0.76 per cent)
31.94
(-0.65 per cent)
1235.80
(­+0.27 per cent)
U$0.7301
 
Aus. Dollar
U$0.7177

Citi warns of global recession
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