Morning Briefing: Equities mixed, oil recovers

Equities mixed, oil recovers... PIMCO announces new chief...

Steve Randall
Equities mixed, oil recovers
Equities are mixed so far Tuesday with Asian markets losing optimism while Europe is gaining.

Oil prices, which have been declining this week have recovered some lost ground as US inventory figures are anticipated later in the session.

Asian markets closed mixed as some gains for miners helped Australia’s ASX and Hong Kong also advanced; Shanghai and Tokyo were both lower. Japanese firm Nintendo saw shares fall more than 12 per cent as the launch of the Pokemon Go app, which has gripped many gamers in North America and Europe, was delayed in its home market.

European indexes have fared better with earnings in focus. The tech sector is showing notable strength. London’s FTSE was given a boost by the Bank of England’s statement that there was “no clear evidence” of a Brexit-induced slowdown in the UK’s economy almost a month after the referendum vote.

Wall Street and Toronto are expected to open higher.
  Latest 1 month ago 1 year ago
North America (previous session)
US Dow Jones 18,559.01 (+0.14 per cent) +4.24 per cent +2.53 per cent
TSX Composite 14,524.61 (-0.05per cent) +3.64 per cent -0.69 per cent
Europe (at 4.30am ET)
UK FTSE 6,726.72 (+0.44 per cent) +8.43 per cent -0.91 per cent
German DAX 10,076.18 (+0.95 per cent) +1.15 per cent -14.14 per cent
Asia (at close)
China CSI 300 3,237.60 (-0.33 per cent) +4.01 per cent -22.18 per cent
Japan Nikkei 16,681.89 (-0.25 per cent) +4.49 per cent -19.02 per cent
Other Data (at 4.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
(+0.58 per cent)
(+0.22 per cent)
(-0.40 per cent)
Aus. Dollar

PIMCO announces new chief
Emmanuel 'Manny' Roman of the Man Group plc has been named as the new chief executive of Pacific Investment Management Company (PIMCO) to replace Douglas Hodge.

Roman will take up his new role on November 1 and will be succeeded at the Man Group by Luke Ellis.