Morning Briefing: Greenback, commodities boost investor sentiment

Morning Briefing: Greenback, commodities boost investor sentiment

Morning Briefing: Greenback, commodities boost investor sentiment Greenback, commodities boost investor sentiment
World equity markets are higher Tuesday as increases for oil and metals prices boost sentiment along with the fall in the US dollar.

Asian indexes closed with gains with Tokyo’s Nikkei rising following assessment of damage from yesterday’s earthquake which appears to be moderate. Sydney’s ASX advanced as miners, energy firms and banks all saw strong gains.

European markets are also trending higher led by the FTSE in London. New UK data shows a sharp reduction in public sector borrowing.

Wall Street and Toronto are expected to open higher.
 
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North America (previous session)
US Dow Jones 18,956.69 (+0.47 per cent) +4.47 per cent +6.36 per cent
TSX Composite 15,039.87 (+1.18 per cent) +0.67 per cent +11.96 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,834.15 (+0.83 per cent) -2.65 per cent +7.89 per cent
German DAX 10,720.92 (+0.33 per cent) +0.10 per cent -3.59 per cent
 
Asia (at close)
China CSI 300 3,468.36 (+0.79 per cent) +4.23 per cent -8.11 per cent
Japan Nikkei 18,162.94 (+0.31 per cent) +5.69 per cent -8.64 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
49.76
(+1.76 per cent)
48.98
(+1.53 per cent)
1218.10
(+0.69 per cent)
U$0.7470
 
Aus. Dollar
U$0.7407
 
OPEC talks positive as day 2 begins
The first day of talks between OPEC members in a bid to reach agreement on an output cap, ended positively according to Libya’s OPEC Governor Mohamed Oun.

His views were shared by Iran’s Oil Minister Bijan Namdar Zanganeh who said that a deal was “highly likely” and his Iraqi counterpart Jabbar Al-Luaibi who said his country’s proposals should help with a deal.

The second day of talks will be closely watched by analysts and investors with oil jumping more than 4 per cent Monday and overnight gains exceeding 1.5 per cent.

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