Asian stocks continue rebound, Europe mixed... Millennial investors expect a bull market, boomers less convinced...
Asian stocks continue rebound, Europe mixed
After two days of gains for global stock markets, Thursday’s session is showing disparity.
Asian markets remained broadly positive, taking their lead from Wall Street in the previous session, although the gains were subdued compared to the previous two sessions. Shanghai closed slightly lower.
European markets are showing less optimism as rhetoric from EU and UK leaders abounds, creating greater uncertainty about how the Brexit scenario may play out.
London and Frankfurt are both slightly lower so far Thursday while Paris is faring better. The pound has strengthened against the greenback.
Oil prices have slipped slightly this morning following overnight gains but benchmark Brent remains above $50 while US crude is hovering above $49. Official data released Wednesday showed that US stockpiles were down by 4 million barrels last week, the 6th consecutive week of declines.
Wall Street and Toronto are expected to open higher. US jobless claims data will be in focus.
Millennial investors expect a bull market, boomers less convinced
Millennial investors are far more likely to believe that there will be a bull market in the next 1 to 3 years than Baby Boomers.
A poll by Securian Financial Group found that 71 per cent of millennials predict a bull market compared to 50 per cent of boomers. It also revealed that 42 per cent of millennials said they are knowledgeable about investments compared to 17 per cent of boomers.
After two days of gains for global stock markets, Thursday’s session is showing disparity.
Asian markets remained broadly positive, taking their lead from Wall Street in the previous session, although the gains were subdued compared to the previous two sessions. Shanghai closed slightly lower.
European markets are showing less optimism as rhetoric from EU and UK leaders abounds, creating greater uncertainty about how the Brexit scenario may play out.
London and Frankfurt are both slightly lower so far Thursday while Paris is faring better. The pound has strengthened against the greenback.
Oil prices have slipped slightly this morning following overnight gains but benchmark Brent remains above $50 while US crude is hovering above $49. Official data released Wednesday showed that US stockpiles were down by 4 million barrels last week, the 6th consecutive week of declines.
Wall Street and Toronto are expected to open higher. US jobless claims data will be in focus.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 17,694.68 (+1.64 per cent) | -0.52 per cent | +0.43 per cent |
| TSX Composite | 14,036.74 (+1.40 per cent) | -0.21 per cent | -3.35 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,339.66 (-0.32 per cent) | +1.75 per cent | -2.78 per cent |
| German DAX | 9,622.81 (+0.11 per cent) | -6.24 per cent | -12.08 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,153.92 (+0.08 per cent) | -0.49 per cent | -29.49 per cent |
| Japan Nikkei | 15,575.92 (+0.06 per cent) | -9.63 per cent | -23.03 per cent |
| Other Data (at 4.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 50.03 (-1.15 per cent) |
49.34 (-1.08 per cent) |
1319.40 (-0.57 per cent) |
U$0.7716 |
| Aus. Dollar |
|||
| U$0.7435 | |||
Millennial investors expect a bull market, boomers less convinced
Millennial investors are far more likely to believe that there will be a bull market in the next 1 to 3 years than Baby Boomers.
A poll by Securian Financial Group found that 71 per cent of millennials predict a bull market compared to 50 per cent of boomers. It also revealed that 42 per cent of millennials said they are knowledgeable about investments compared to 17 per cent of boomers.
