The People’s Bank of China’s surprise interest rate cut late Tuesday seems to have eased the multi-year record declines in the Shanghai Composite Index but investor confidence remains low and the market closed lower
The People’s Bank of China’s surprise interest rate cut late Tuesday seems to have eased the multi-year record declines in the Shanghai Composite Index but investor confidence remains low and the market closed lower, albeit with a smaller drop than in previous sessions this week. Other Asian markets performed better, Japan in particular with a 3.2 per cent rise.
Elsewhere European markets are cautious, despite closing higher Tuesday. Investors are awaiting signals from the US this week that could give clarity on the issue of interest rates.
Wall Street is expected to start higher with the Dow expecting a near-200 point rise from the weak finish in the previous session.
Elsewhere European markets are cautious, despite closing higher Tuesday. Investors are awaiting signals from the US this week that could give clarity on the issue of interest rates.
Wall Street is expected to start higher with the Dow expecting a near-200 point rise from the weak finish in the previous session.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 15,666.44 (-1.29 per cent) | -10.83 per cent | -8.42 per cent |
| TSX Composite | 13,150.93 (+0.75 per cent) | -7.30 per cent | -15.80 per cent |
| Europe (at 5.45am ET) |
|||
| UK FTSE | 5,999.32 (-1.35 per cent) | -8.82 per cent | -12.07 per cent |
| German DAX | 10,013.51 (-1.13 per cent) | -11.76 per cent | +4.44 per cent |
| Asia (at close) |
|||
| China CSI | 3,025.69 (-0.57 per cent) | -27.55 per cent | +30.19 per cent |
| Japan Nikkei | 18,376.83 (+3.20 per cent) | -10.55 per cent | +18.40 per cent |
| Other Data (at 5.45am ET) |
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| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 43.21 (unchanged) |
39.37 (+0.15 per cent) |
1134.20 (-0.36 per cent) |
U$0.7526 |
| Aus. Dollar |
|||
| U$0.7137 | |||
