Morning Briefing: World stocks gain ahead of US jobs data

Morning Briefing: World stocks gain ahead of US jobs data

Morning Briefing: World stocks gain ahead of US jobs data World stocks gain ahead of US jobs data
World markets are trading in positive territory so far Friday ahead of US non-farm payroll data due at 8.30am ET.

Asian markets have been subdued but broadly higher; Sydney closed down more than 1 per cent though on profit taking; Hong Kong outperformed the region with a 3 per cent rise; Shanghai remains closed for holidays.

In Europe there is an upbeat mood on expectation of positive news from the US.

Wall Street and the TSX are expected to open higher after moderate losses in the previous session.
 
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North America (previous session)
US Dow Jones 16,272.01 (-0.08 per cent) -0.49 per cent -3.15 per cent
TSX Composite 13,241.89 (-0.49 per cent) -2.24 per cent -10.29 per cent
 
Europe (at 6.25am ET)
UK FTSE 6,162.21 (+1.48 per cent) +1.30 per cent - 4.41 per cent
German DAX 9,655.53 (+1.54 per cent) -3.91 per cent +5.00 per cent
 
Asia (at close)
China CSI 300 3,202.95 (+0.76 per cent) -4.73 per cent +30.68 per cent
Japan Nikkei 17,725.13 (+0.02 per cent) -2.05 per cent +13.17 per cent
 
Other Data (at 6.25am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
47.84
(+0.31 per cent)
45.24
(+1.12 per cent)
1104.90
(-0.79 per cent)
U$0.7550
 
Aus. Dollar
U$0.7025
  
Emissions probe expands
US regulators have extended their investigation into false diesel emissions data to include BMW, Chrysler, General Motors, Land Rover and Mercedes-Benz according to the Financial Times. The EPA is considering whether the other manufacturers have been using tactics similar to those of Volkswagen in order to make vehicles appear greener than they are. Other jurisdictions are also looking into the issue to determine if it is widespread industry practice.
 
Oil higher on US data, Syria
Oil prices have rallied so far Friday as expectation that jobs and factory orders data will show US growth. With Russia now involved in airstrikes and Iran sending ground troops into Syria there is also concern that the country’s oil output will be affected. Overall though prices remain lower than a week ago and the outlook remains weak.