World markets are subdued Tuesday ahead of the Fed’s meeting this week and economic data fuelling nervousness
World markets are subdued Tuesday ahead of the Fed’s meeting this week and economic data fuelling nervousness.
Shanghai led the losses in Asia with a decline of almost 4 per cent in its composite index as markets continued to chew the fat of the weak data. Australian stocks fell following a sudden change of Prime Minister with Tony Abbott conceding a leadership challenge from within his party. Abbott had expected to win but was beaten by Malcolm Turnbull. Japan’s market did better than its peers, closing higher on the central bank’s decision to maintain monetary policy.
In Europe the sell-off in Asia has added to caution ahead of the Fed and the major indexes are all lower so far. Inflation data from the UK saw a return to zero as oil and gasoline prices added downward pressure.
Toronto and New York are expected to open flat at best following a weaker end to the previous session. US data including retail sales may give clues to how the Fed may move.
Shanghai led the losses in Asia with a decline of almost 4 per cent in its composite index as markets continued to chew the fat of the weak data. Australian stocks fell following a sudden change of Prime Minister with Tony Abbott conceding a leadership challenge from within his party. Abbott had expected to win but was beaten by Malcolm Turnbull. Japan’s market did better than its peers, closing higher on the central bank’s decision to maintain monetary policy.
In Europe the sell-off in Asia has added to caution ahead of the Fed and the major indexes are all lower so far. Inflation data from the UK saw a return to zero as oil and gasoline prices added downward pressure.
Toronto and New York are expected to open flat at best following a weaker end to the previous session. US data including retail sales may give clues to how the Fed may move.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 16,370.96 (-0.38 per cent) | -6.33 per cent | -3.88 per cent |
| TSX Composite | 13,353.34 (-0.80 per cent) | -6.48 per cent | -13.75 per cent |
| Europe (at 6.15am ET) |
|||
| UK FTSE | 6,047.77 (-0.61 per cent) | -7.68 per cent | -11.12 per cent |
| German DAX | 10,114.15 (-0.17 per cent) | -7.93 per cent | +4.71 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,152.23 (-3.93 per cent) | -22.62 per cent | +29.34 per cent |
| Japan Nikkei | 18,026.48 (+0.34 per cent) | -12.15 per cent | +13.03 per cent |
| Other Data (at 6.15am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 46.49 (+0.26 per cent) |
44.31 (+0.70 per cent) |
1104.90 (-0.25 per cent) |
U$0.7544 |
| Aus. Dollar |
|||
| U$0.7124 | |||
