Equities mixed, oil slips after strong gain... Oil demand peak is decades away says IEA...
Equities mixed, oil slips after strong gain
World stock markets are mixed Wednesday as a raft of economic conditions are considered including oil prices, US interest rates and Trump.
Asian markets had seen some strong gains during their session, tracking Wall Street, however profit-taking saw most indexes close flat with Tokyo the outlier as exporters benefitted from a weaker yen.
European indexes are trending lower with wider political issues adding to the mix of investor-caution. CNBC reports that Italy is expected to reject constitutional reform in an upcoming referendum.
Wall Street and Toronto are expected to open flat.
Oil demand peak is decades away says IEA
Growth in demand for oil won’t peak until 2040, the International Energy Agency says.
Despite the Paris agreement on climate change, the agency believes that demand in some areas of usage will fall but will be offset by gains in others. In its outlook it suggests that passenger vehicles will use less oil but it will be harder to find alternative fuels for freight transport.
India will see the fastest-growing demand for oil by 2040 while China will be the world’s largest oil consumer, surpassing the US.
World stock markets are mixed Wednesday as a raft of economic conditions are considered including oil prices, US interest rates and Trump.
Asian markets had seen some strong gains during their session, tracking Wall Street, however profit-taking saw most indexes close flat with Tokyo the outlier as exporters benefitted from a weaker yen.
European indexes are trending lower with wider political issues adding to the mix of investor-caution. CNBC reports that Italy is expected to reject constitutional reform in an upcoming referendum.
Wall Street and Toronto are expected to open flat.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,923.06 (+0.29 per cent) | +4.33 per cent | +9.73 per cent |
| TSX Composite | 14,756.10 (+1.08 per cent) | +1.17 per cent | +10.80 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,777.63 (-0.22 per cent) | -3.36 per cent | +10.27 per cent |
| German DAX | 10,704.85 (-0.28 per cent) | +1.18 per cent | -0.08 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,429.59 (-0.01 per cent) | +3.74 per cent | -8.89 per cent |
| Japan Nikkei | 17,862.21 (+1.10 per cent) | +5.97 per cent | -7.90 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 46.77 (-0.38 per cent) |
45.51 (-0.65 per cent) |
1227.50 (+0.24 per cent) |
U$0.7423 |
| Aus. Dollar |
|||
| U$0.7516 | |||
Oil demand peak is decades away says IEA
Growth in demand for oil won’t peak until 2040, the International Energy Agency says.
Despite the Paris agreement on climate change, the agency believes that demand in some areas of usage will fall but will be offset by gains in others. In its outlook it suggests that passenger vehicles will use less oil but it will be harder to find alternative fuels for freight transport.
India will see the fastest-growing demand for oil by 2040 while China will be the world’s largest oil consumer, surpassing the US.
