Morning Briefing: US jobs data anticipated, equities mixed

US jobs data anticipated, equities mixed... US banks at risk from rising interest rates warn regulators...

Steve Randall
US jobs data anticipated, equities mixed
Markets are awaiting US non-farm payroll data due to be released at 8.30am ET Friday in a bid to second-guess the Fed. Although the odds of an interest rate rise later this month have been shortening, weaker-than-expected manufacturing data Thursday cast doubt on a rate hike.

Asian markets closed mixed as mostly higher, helped by some better performance by materials stocks. Sydney and Tokyo bucked the trend to close lower.

In Europe, there is a broadly positive tone with major indexes advancing.

Wall Street and Toronto are expected to open higher ahead of the jobs data.
 
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North America (previous session)
US Dow Jones 18,419.30 (+0.10 per cent) +0.58 per cent +12.65 per cent
TSX Composite 14,683.91 (+0.59 per cent) +1.43 per cent +8.41 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,766.49 (+0.30 per cent) +1.82 per cent +11.23 per cent
German DAX 10,548.79 (+0.14 per cent) +3.99 per cent +4.98 per cent
 
Asia (at close)
China CSI 300 3,314.11 (+0.38 per cent) +3.92 per cent -1.54 per cent
Japan Nikkei 16,925.68 (-0.01 per cent) +3.26 per cent -6.46 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
45.46
(+0.02 per cent)
43.21
(+0.12 per cent)
1314.20
(-0.22 per cent)
U$0.7628
 
Aus. Dollar
U$0.7540


US banks at risk from rising interest rates warn regulators
The way US banks have arranged their balance sheets could be a risk if interest rates rise sharply.

That’s the view of the chair of the Federal Deposit Insurance Corporation, Martin Gruenberg, who said that the shift in recent years towards long-term loans often involving real estate could see banks struggle.

His comments are in line with a warning from Eric Rosengren of the Boston Fed who said this week that those long-term real estate loans could turn toxic and impact the wider economy.
 

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