Morning Briefing: Post-Brexit rally continues

Morning Briefing: Post-Brexit rally continues

Morning Briefing: Post-Brexit rally continues Post-Brexit rally continues
World stock markets are trading higher so far Friday despite ongoing concerns about the global economy and weak data from Asia.

Asian markets closed slightly higher despite Chinese manufacturing data showing weakness and a measure of Japanese manufacturing sentiment also revealing concerns for the sector.

European markets have started their new quarter with gains. Brexit uncertainty continues but the markets are keen to get back to business and there have been gains most of this week. Paris is slightly weaker than its peers.

Wall Street and Toronto are expected to open higher.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 17,929.99 (+1.33 per cent) +0.79 per cent +0.97 per cent
TSX Composite 14,064.54 (+0.20 per cent) +0.01 per cent -3.36 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,515.00 (+0.16 per cent) +5.22 per cent -1.42 per cent
German DAX 9,693.24 (+0.14 per cent) -5.01 per cent -13.30 per cent
 
Asia (at close)
China CSI 300 3,154.20 (+0.01per cent) -0.20 per cent -25.84 per cent
Japan Nikkei 15,682.48 (+0.68 per cent) -7.51 per cent -22.86 per cent
 
Other Data (at 4.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
49.74
(+0.06 per cent)
48.38
(+0.10 per cent)
1337.00
(+1.24 per cent)
U$0.7733
 
Aus. Dollar
U$0.7469

 
Oil advances on expectation of stimulus
Oil prices have gained overnight as markets digested dovish tones from the BoE governor Mark Carney and Asian data; all raising hopes of stimulus for some economies. Benchmark Brent is hovering just below the $50 mark.

There is expectation of a tighter market ahead for oil and that is also helping keep prices buoyant. The latest Baker Hughes rig count is due at 1pm ET.