Morning Briefing: US jobs data anticipated, equities mixed

Morning Briefing: US jobs data anticipated, equities mixed

Morning Briefing: US jobs data anticipated, equities mixed 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.