World stocks mixed following Fed comments... Oil market rebalancing will take longer warns IEA...
World stocks mixed following Fed comments
Comments by the Fed governor and Atlanta president Monday have weakened calls for an interest rate rise this month and world markets have reacted in early Tuesday trading.
Asian markets started the session positive after digesting the Fed comments and on the release of Chinese data showing better-than-expected industrial output and retail sales. However, the impact of falling oil prices weighed on energy firms. Shanghai, Tokyo and Seoul were the main gainers while Sydney and Hong Kong were the chief losers of the session.
European indexes are mixed with economic data from the UK showing weaker-then-expected growth for consumer and producer price indexes. Eurozone economic sentiment is up according to a new survey. Stock markets in Germany and France lead the gains with London declining.
Wall Street and Toronto are expected to open slightly higher.
Oil market rebalancing will take longer warns IEA
The International Energy Agency has revised its expectations for the global oil market and says rebalancing will take longer than it thought. Its September report shows that demand for oil is slowing at a faster pace than was expected and is now forecast to be 1.3 million barrels per day for 2016 with a further slowing to 1.2 million bpd for 2017.
Comments by the Fed governor and Atlanta president Monday have weakened calls for an interest rate rise this month and world markets have reacted in early Tuesday trading.
Asian markets started the session positive after digesting the Fed comments and on the release of Chinese data showing better-than-expected industrial output and retail sales. However, the impact of falling oil prices weighed on energy firms. Shanghai, Tokyo and Seoul were the main gainers while Sydney and Hong Kong were the chief losers of the session.
European indexes are mixed with economic data from the UK showing weaker-then-expected growth for consumer and producer price indexes. Eurozone economic sentiment is up according to a new survey. Stock markets in Germany and France lead the gains with London declining.
Wall Street and Toronto are expected to open slightly higher.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,325.07 (+1.32 per cent) | -1.35 per cent | +11.51 per cent |
| TSX Composite | 14,597.14 (+0.39 per cent) | -1.02 per cent | +8.44 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,680.67 (-0.30 per cent) | -3.40 per cent | +9.20 per cent |
| German DAX | 10,438.14 (+0.06 per cent) | -2.57 per cent | +3.11 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,260.33 (-0.07 per cent) | -1.03 per cent | -2.59 per cent |
| Japan Nikkei | 16,729.04 (+0.34 per cent) | -1.13 per cent | -8.41 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 47.43 (-1.84 per cent) |
45.28 (-2.18 per cent) |
1333.40 (+0.59 per cent) |
U$0.7636 |
| Aus. Dollar |
|||
| U$0.7524 | |||
Oil market rebalancing will take longer warns IEA
The International Energy Agency has revised its expectations for the global oil market and says rebalancing will take longer than it thought. Its September report shows that demand for oil is slowing at a faster pace than was expected and is now forecast to be 1.3 million barrels per day for 2016 with a further slowing to 1.2 million bpd for 2017.
