Morning Briefing: World stocks, commodities higher

Morning Briefing: World stocks, commodities higher

Morning Briefing: World stocks, commodities higher World stocks, commodities higher
October has begun with an optimistic tone with world stocks and commodity markets rising.

Manufacturing is in focus with US data due later; UK data showing the sectors best PMI figures since 2014; Eurozone data revealing an uptick in growth; but Japan’s manufacturing sentiment flat from the previous quarter.

Deutsche is also a key factor in the markets Monday as a deal could be reached between the German bank and the US Department of Justice. Its fluctuating stocks in the US and Europe and concern over liquidity have spooked the financial sector in recent sessions, so a deal would give stability.

Asian indexes closed mostly higher, despite the weak Japanese manufacturing data. Seoul was the only one of the major indexes to close lower, dropping 1.2 per cent.

European markets are mostly higher although German and French exchanges are closed for public holidays.

The UK’s FTSE is trending higher with manufacturing data and following the prime minister setting out some detail of Brexit, with the formal process of leaving the EU to happen before the end of March 2017. The pound slipped further.

Wall Street and Toronto are expected to open higher.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 18,308.15 (+0.91 per cent) -0.99 per cent +11.14 per cent
TSX Composite 14,725.86 (-0.19 per cent) -0.47 per cent +10.39 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,974.49 (+1.09 per cent) +1.16 per cent +13.78 per cent
German DAX 10,511.02 (+1.01 per cent) -1.62 per cent +10.03 per cent
 
Asia (at close)
China CSI 300 3,253.28 (+0.27 per cent) -1.84 per cent +1.57 per cent
Japan Nikkei 16,598.67 (+0.90 per cent) -1.93 per cent -6.36 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
50.65
(+0.92 per cent)
48.65
(+0.85 per cent)
1318.80
(+0.13 per cent)
U$0.7632
 
Aus. Dollar
U$0.7675

 

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