Morning Briefing: Sentiment low but oil more stable

Morning Briefing: Sentiment low but oil more stable

Morning Briefing: Sentiment low but oil more stable Sentiment low but oil more stable
Oil prices have rebounded slightly overnight but sentiment is lower across world markets so far.

Asian indexes have closed with losses as investors considered regional data, oil prices and the weak lead from Wall Street. Chinese inflation data showed a 1.5 per cent year-over-year rise in consumer prices, better than expected; producers’ prices were down 5.9 per cent. Japan’s latest official GDP figures showed that the country was not in a technical recession but markets were not boosted enough to climb out of the red.
In Europe regional corporate reports and oil prices were in focus. Early gains as oil rebounded were quickly erased and all major indexes are trading lower.

Wall Street and Toronto are expected to open lower.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 17,568.00 (-0.92 per cent) -1.91 per cent -1.59  per cent
TSX Composite 12,922.47 (-0.92 per cent) -4.15 per cent -8.97 per cent
 
Europe (at 6.00am ET)
UK FTSE 6,123.67 (-0.19 per cent) -2.72 per cent -6.21 per cent
German DAX 10,609.28 (-0.60 per cent) -1.91 per cent +8.33 per cent
 
Asia (at close)
China CSI 300 3,635.94 (+0.36 per cent) -5.32 per cent +17.03 per cent
Japan Nikkei 19,301.07 (-0.98 per cent) -1.74 per cent +8.35 per cent
 
Other Data (at 6.00am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
40.78
(+1.29 per cent)
38.01
(+1.33 per cent)
1077.90
(+0.24 per cent)
U$0.7366
 
Aus. Dollar
U$0.7189
 
Doubleline Capital head warns of market conditions
The founder of investment managers Doubleline Capital says that the markets are in poor shape. In a monthly webcast Jeffrey Gundlach, whose company manages $70 billion of assets, said that "There are plenty of markets that are falling apart and freaking out.” CNN reports that Gundlach says bond markets are weak and equities are falling, with emerging markets down 30 per cent in some cases.
 
New stock market to open in Myanmar
There’s a new stock market opening in Myanmar. The Asian country’s Yangon Stock Exchange expects to start trading from March 2016 with six companies. The exchange will be limited to local companies initially but there are plans to open it to foreign investors later. Myanmar is one of the poorest Asian nations and hopes that new investment will be boosted by a public stock market.