Morning Briefing: Markets gain ahead of ECB

Markets gain ahead of ECB... US-China trade talks disappointing so far...

Morning Briefing: Markets gain ahead of ECB
Steve Randall
Markets gain ahead of ECB
World markets are in positive territory so far Thursday with the latest interest rate decision from the European Central Bank awaited.

Asian markets gained following the Bank of Japan’s announcement that inflation is likely to be weaker than previously expected, the yen slipped on the news.

Aside from the inflation forecast, the BoJ has not moved from its current monetary policy. Tokyo’s Nikkei led broad gains across the region’s markets.

European markets are trending higher ahead of the ECB and following some positive data for the Eurozone and for the UK economy. London is leading the gains.

Wall Street and Toronto are expected to open higher.
 

 

Latest

1 month ago

1 year ago

 

North America (previous session)

 

US Dow Jones

21,640.75 (+0.31%)

+0.81%

+16.38%

TSX Composite

15,244.71 (+0.63%)

+0.63 %

+4.89%

 

Europe (at 5.00am ET)

 

UK FTSE

7,475.43 (+0.60%)

+0.04%

+11.12%

German DAX

12,514.04 (+0.50%)

-2.35%

+23.39%

 

Asia (at close)

 

China CSI 300

3,747.88 (+0.49%)

+5.68%

+15.76%

Japan Nikkei

20,144.59 (+0.62%)

-0.42%

+20.76%

 

Other Data (at 5.00am ET)

 

Oil (Brent)

Oil (WTI)

Gold

Can. Dollar

49.75

(+0.10%)

47.15

(+0.06%)

1236.90

(-0.41%)

U$0.7918

 

Aus. Dollar

U$0.7902


US-China trade talks disappointing so far
With less than a month to go before NAFTA renegotiations begin, the US is involved in trade talks with China.

CNBC reports that things are not going well with an apparent break down of talks which resulted in the cancellation of a planned news conference and the lack of a joint statement following the conclusion of negotiations.

There could now be an escalation of tariffs between the two nations instead of the hoped free-trade for US goods.
 

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