Oil rally boosts markets... Citi increases chance of a Trump win...
Oil rally boosts markets
Oil prices have gained overnight as fresh unrest in Libya threatens supplies and the president of Venezuela gives hope that a deal will be reached between producers this month to stabilize the market.
The rise for oil has boosted equity markets with Asian and European indexes in positive territory.
Asia’s main indexes closed with gains as oil prices were eyed along with this week’s Fed and BoJ meetings. Sydney closed early in the session due to a technical issue.
European markets are also higher with London’s FTSE up more than 1.5 per cent so far. An analysts and investors are all but ruling out a Fed interest rate rise following some less impressive data releases.
Wall Street and Toronto are expected to open higher although New York’s exchanges may suffer from caution following a series of bomb blasts in the city and New Jersey.
Citi increases chance of a Trump win
Donald Trump’s chance of becoming US president has increased according to Citi Group. Its political analysts have increased his chance to 40 per cent and reduced Hillary Clinton to 60 per cent.
The reason is an “enthusiasm gap” which could see Trump supporters more likely to vote. Citi says that with other candidates removed, Clinton are Trump are tied.
Oil prices have gained overnight as fresh unrest in Libya threatens supplies and the president of Venezuela gives hope that a deal will be reached between producers this month to stabilize the market.
The rise for oil has boosted equity markets with Asian and European indexes in positive territory.
Asia’s main indexes closed with gains as oil prices were eyed along with this week’s Fed and BoJ meetings. Sydney closed early in the session due to a technical issue.
European markets are also higher with London’s FTSE up more than 1.5 per cent so far. An analysts and investors are all but ruling out a Fed interest rate rise following some less impressive data releases.
Wall Street and Toronto are expected to open higher although New York’s exchanges may suffer from caution following a series of bomb blasts in the city and New Jersey.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,123.80 (-0.49 per cent) | -2.31 per cent | +10.61 per cent |
| TSX Composite | 14,450.69 (-0.37 per cent) | -1.61 per cent | +5.89 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,804.65 (+1.41 per cent) | -0.79 per cent | +11.48 per cent |
| German DAX | 10,346.35 (+0.68 per cent) | -1.88 per cent | +4.34 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,263.12 (+0.75 per cent) | -3.84 per cent | +3.52 per cent |
| Japan Nikkei | 16,519.29 (+0.70 per cent) | -0.16 per cent | -8.58 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 46.35 (+1.27 per cent) |
43.72 (+1.60 per cent) |
1318.40 (+0.63 per cent) |
U$0.7604 |
| Aus. Dollar |
|||
| U$0.7541 | |||
Citi increases chance of a Trump win
Donald Trump’s chance of becoming US president has increased according to Citi Group. Its political analysts have increased his chance to 40 per cent and reduced Hillary Clinton to 60 per cent.
The reason is an “enthusiasm gap” which could see Trump supporters more likely to vote. Citi says that with other candidates removed, Clinton are Trump are tied.
