Familiar pressures weigh on world markets... Oil prices holding steady... Commodity prices hits farmers...
Familiar pressures weigh on world markets
Global stock markets are lower Thursday as the familiar cocktail of fears dominate investors’ thoughts. China’s weak economy, low oil prices and expectation of a US interest rates rise are all adding pressure to equities.
Asian markets closed marginally higher with Hong Kong outperforming to close up almost 2.5 per cent.
European indexes are lower so far as markets digest ECB president Mario Draghi’s comments Thursday to a European parliament committee highlighting weakness in inflation for the Eurozone and a slower pace for the global economy.
Toronto and New York are expected to open lower. Wall Street will be looking at jobs data due at 8.30am ET and various Fed speakers during the day.
Oil prices holding steady
Oil prices have levelled out Thursday as gasoline demand stopped a reversal of prices in the previous session. Oil is around $46 a barrel so far today but the overall picture is still poor with demand concerns from Asia particularly in focus.
Commodity prices hits farmers
It’s not just the price of oil and metals that’s having an impact on the economy, farmers are under pressure from lower costs of corn and soybean. The Wall Street Journal highlights that soybeans were $16 a bushel in 2012 and are now almost half that price with corn falling from around $8 a bushel to little more than $3. It is forcing farmers to try to renegotiate their rents with landlords or risk going out of business.
Global stock markets are lower Thursday as the familiar cocktail of fears dominate investors’ thoughts. China’s weak economy, low oil prices and expectation of a US interest rates rise are all adding pressure to equities.
Asian markets closed marginally higher with Hong Kong outperforming to close up almost 2.5 per cent.
European indexes are lower so far as markets digest ECB president Mario Draghi’s comments Thursday to a European parliament committee highlighting weakness in inflation for the Eurozone and a slower pace for the global economy.
Toronto and New York are expected to open lower. Wall Street will be looking at jobs data due at 8.30am ET and various Fed speakers during the day.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 17,702.22 (-0.32 per cent) | +3.33 per cent | +0.51 per cent |
| TSX Composite | 13,341.93 (-0.52 per cent) | -4.46 per cent | -10.19 per cent |
| Europe (at 6.10am ET) |
|||
| UK FTSE | 6,259.90 (-0.59 per cent) | -1.75 per cent | - 5.31 per cent |
| German DAX | 10,868.90 (-0.36 per cent) | +7.40 per cent | +18.00 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,795.32 (+ 1.00 per cent) | +10.08 per cent | +46.29 per cent |
| Japan Nikkei | 19,697.77 (+0.03 per cent) | +6.83 per cent | +14.54 per cent |
| Other Data (at 6.15am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 45.83 (+0.04 per cent) |
42.88 (-0.12 per cent) |
1086.70 (+0.18 per cent) |
U$0.7535 |
| Aus. Dollar |
|||
| U$0.7137 | |||
Oil prices holding steady
Oil prices have levelled out Thursday as gasoline demand stopped a reversal of prices in the previous session. Oil is around $46 a barrel so far today but the overall picture is still poor with demand concerns from Asia particularly in focus.
Commodity prices hits farmers
It’s not just the price of oil and metals that’s having an impact on the economy, farmers are under pressure from lower costs of corn and soybean. The Wall Street Journal highlights that soybeans were $16 a bushel in 2012 and are now almost half that price with corn falling from around $8 a bushel to little more than $3. It is forcing farmers to try to renegotiate their rents with landlords or risk going out of business.
