Morning Briefing: World stocks mixed following Fed, Oil lower again

Morning Briefing: World stocks mixed following Fed, Oil lower again

Morning Briefing: World stocks mixed following Fed, Oil lower again World stocks mixed following Fed, Oil lower again
Asian and European markets have been reacting to Friday’s speech from Fed in which chair Janet Yellen suggested that conditions are moving towards interest rate increases.

Asian markets closed mostly lower but Japan was the outlier as the yen weakened against the greenback. Comments by the BoJ governor at the weekend also boosted the Nikkei; Haruhiko Kuroda said that further monetary stimulus would be approved following weak inflation data last week.

European markets are trending lower on the Fed and also further decline for oil prices which have been impacted by a stronger dollar and increasing output from Iraq.

Wall Street and Toronto are expected to open flat.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 18,395.40 (-0.29 per cent) -0.20 per cent +10.53 per cent
TSX Composite 14,639.88 (+0.06 per cent) +0.39 per cent +5.59 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,838.05 (+0.31 per cent) +1.69 per cent +9.44 per cent
German DAX 10,527.73 (-0.57 per cent) +1.84 per cent +2.23 per cent
 
Asia (at close)
China CSI 300 3,307.78 (-0.02 per cent) +3.24 per cent -1.03 per cent
Japan Nikkei 16,737.49 (-2.30 per cent) +1.02 per cent -12.54 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
49.18
(-1.48 per cent)
46.95
(-1.45 per cent)
1322.70
(-0.24 per cent)
U$0.7692
 
Aus. Dollar
U$0.7556

 
Canadian autoworkers union approves strike mandate
The union which represents most Canadian autoworkers voted Sunday for a strike mandate which could see 20,000 workers at Ford and Fiat Chrysler walk out.

Unifor wants the manufacturers to invest more in Ontario’s auto industry and is pushing for new terms when the existing agreement ends on September 19.