Asian markets advance on Japan stimulus report, Europe weak... Oil rebounds on stockpile data...
Asian markets advance on Japan stimulus report, Europe weak
Reports that Japan could be about to launch a larger-than-expected stimulus plan has boosted Asian equities Thursday but it’s a different story in Europe.
Kyodo News says that there is a U$188 billion package of stimulus on the way for Japan, doubling the expectation. The Nikkei led the gains in the region but all the major markets except South Korea closed higher.
European indexes are subdued ahead of the latest interest rates decision by the ECB. The news will arrive around 7.45am ET with a hold-steady for the zero per cent rate most likely. ECB president Mario Draghi will speak at a press conference following the announcement. There is anticipation that he may announce further stimulus for the Eurozone in light of the Brexit impact.
Wall Street and Toronto are expected to open higher.
Oil rebounds on stockpile data
A ninth consecutive rise in the US stockpile draw has led to rebounding oil prices Thursday. US crude is up slightly although gains are tempered by expectation of weaker demand for the growing global glut.
Other commodities are also gaining with gold and copper prices rising, although silver is lower this morning.
Reports that Japan could be about to launch a larger-than-expected stimulus plan has boosted Asian equities Thursday but it’s a different story in Europe.
Kyodo News says that there is a U$188 billion package of stimulus on the way for Japan, doubling the expectation. The Nikkei led the gains in the region but all the major markets except South Korea closed higher.
European indexes are subdued ahead of the latest interest rates decision by the ECB. The news will arrive around 7.45am ET with a hold-steady for the zero per cent rate most likely. ECB president Mario Draghi will speak at a press conference following the announcement. There is anticipation that he may announce further stimulus for the Eurozone in light of the Brexit impact.
Wall Street and Toronto are expected to open higher.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,595.03 (+0.19 per cent) | +4.29 per cent | +3.77 per cent |
| TSX Composite | 14,533.57 (-0.06 per cent) | +3.72 per cent | -1.09 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,703.17 (-0.38 per cent) | +7.65 per cent | -0.97 per cent |
| German DAX | 10,105.82 (-0.36 per cent) | +0.90 per cent | -12.92 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,252.52 (+0.46 per cent) | +4.71 per cent | -21.93 per cent |
| Japan Nikkei | 16,810.22 (+0.77 per cent) | +3.97 per cent | -19.34 per cent |
| Other Data (at 4.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 47.19 (+0.04 per cent) |
45.81 (+0.13 per cent) |
1320.90 (+0.21 per cent) |
U$0.7662 |
| Aus. Dollar |
|||
| U$0.7500 | |||
Oil rebounds on stockpile data
A ninth consecutive rise in the US stockpile draw has led to rebounding oil prices Thursday. US crude is up slightly although gains are tempered by expectation of weaker demand for the growing global glut.
Other commodities are also gaining with gold and copper prices rising, although silver is lower this morning.
