Morning Briefing: Equities mixed but commodities recover

Equities mixed but commodities recover
Stock markets are mixed Thursday on regional earnings and following the mixed handover from Wall Street. However, there is some good news for commodities as prices of oil, gold and silver regain some lost ground.

Asian markets closed mixed with most of the major markets flat or lower; Seoul was a better performer.

Meanwhile, European indexes are also mixed with Paris outperforming flat London and Frankfurt bourses. German GDP data was in line with expectation and held steady from the previous readings.

Wall Street and Toronto are expected to open higher. US jobless claims and house price data are due.
 

	Latest	1 month ago	1 year ago
North America (previous session)
US Dow Jones	20,775.60 (+0.16 per cent)	+4.93 per cent	+26.44 per cent
TSX Composite	15,830.22 (-0.58 per cent)	+2.26 per cent	+24.03 per cent
Europe (at 5.00am ET)
UK FTSE	7,300.17 (-0.03 per cent)	+2.08 per cent	+22.44 per cent
German DAX	11,996.00 (-0.02 per cent)	+3.90 per cent	+27.39 per cent
Asia (at close)
China CSI 300	3,473.32 (-0.47 per cent)	+3.25 per cent	+12.43 per cent
Japan Nikkei	19,371.46 (-0.04 per cent)	+2.54 per cent	+20.68 per cent
Other Data (at 5.00am ET)
Oil (Brent)	Oil (WTI)	Gold	Can. Dollar
56.56 (+1.29 per cent)	54.30 (+1.32 per cent)	1238.70 (+0.44 per cent)	U$0.7604
			Aus. Dollar
			U$0.7690

Oil jumps more than 1 per cent on stockpile data
New data reveals a surprise decline in US oil stockpiles, which could indicate that the OPEC output cuts are making an impact on the global over-supply.

The American Petroleum Institute said that US crude inventories fell by 884,000 barrels last week, compared to analysts’ predictions of a 3.5 million barrel rise.

If data also reveals stocks from OPEC nations and others that have capped output, notably Russia, then prices could continue to gain over the coming weeks.