Stocks weak on North Korea nuclear test, ECB disappointment... Oil prices weaken despite larger stock draw...
Stocks weak on North Korea nuclear test, ECB disappointment
World stock markets are generally lower Friday while oil prices have slipped back overnight following strong gains in the previous session.
Asian markets focused on claims by North Korea that it has tested a nuclear weapon. Markets also digested the European Central Bank’s decision not to add further stimulus to the flagging Eurozone economy.
There was also further weak data from China, with inflation slowing to 1.3 per cent year-over-year in August, down from 1.8 per cent and below analysts’ expectations for 1.7 per cent. Hong Kong was the only major index to show a large gain with Tokyo slightly in positive territory.
European markets are considering the ECB’s decision not to expand its stimulus measures, lower oil prices and North Korea; all major markets are trending lower.
Wall Street and Toronto are expected to open lower. Canada’s employment data is anticipated with a slight rise in unemployment expected and 14,000 new jobs.
Oil prices weaken despite larger stock draw
Oil prices were higher Thursday after official data showed a larger-than-expected stockpile in the US but profit-taking has led to a decline overnight. Prices remain higher though and are set for their best weekly increase for 3 weeks with additional support from agreements by Russia and Saudi Arabia to help stabilize the market.
World stock markets are generally lower Friday while oil prices have slipped back overnight following strong gains in the previous session.
Asian markets focused on claims by North Korea that it has tested a nuclear weapon. Markets also digested the European Central Bank’s decision not to add further stimulus to the flagging Eurozone economy.
There was also further weak data from China, with inflation slowing to 1.3 per cent year-over-year in August, down from 1.8 per cent and below analysts’ expectations for 1.7 per cent. Hong Kong was the only major index to show a large gain with Tokyo slightly in positive territory.
European markets are considering the ECB’s decision not to expand its stimulus measures, lower oil prices and North Korea; all major markets are trending lower.
Wall Street and Toronto are expected to open lower. Canada’s employment data is anticipated with a slight rise in unemployment expected and 14,000 new jobs.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,479.91 (-0.25 per cent) | -0.27 per cent | +12.05 per cent |
| TSX Composite | 14,803.26 (+0.04 per cent) | +0.01 per cent | +9.40 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,849.59 (-0.13 per cent) | -0.02 per cent | +9.96 per cent |
| German DAX | 10,666.70 (-0.08 per cent) | -0.25 per cent | +3.53 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,318.04 (-0.64 per cent) | +1.87 per cent | -2.39 per cent |
| Japan Nikkei | 16,965.76 (+0.04 per cent) | +1.20 per cent | -9.61 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 49.29 (-1.40 per cent) |
46.97 (-1.36 per cent) |
1340.10 (-0.11 per cent) |
U$0.7727 |
| Aus. Dollar |
|||
| U$0.7614 | |||
Oil prices weaken despite larger stock draw
Oil prices were higher Thursday after official data showed a larger-than-expected stockpile in the US but profit-taking has led to a decline overnight. Prices remain higher though and are set for their best weekly increase for 3 weeks with additional support from agreements by Russia and Saudi Arabia to help stabilize the market.
