Central banks in focus, markets mixed as oil rebounds... Populism set to surge says European Commission...
Central banks in focus, markets mixed as oil rebounds
World markets are mixed Wednesday as investors consider the moves for central banks while the decline in oil prices has been halted for now.
Asian markets are focused on the Fed and the Bank of Japan. With both meeting next week there is hope for increased stimulus from the BoJ and a bit more certainty over interest rates from the Fed.
Most major Asian indexes closed lower with Sydney bucking the trend. Seoul was closed for a public holiday.
European indexes are generally trending higher Wednesday. While central banks are the talk of the markets, regional activity is also in focus. The Bayer/Monsanto deal is expected to be announced; a $66 billion tie-up between the German and US chemical firms.
Wall Street and Toronto are expected to open slightly higher.
Populism set to surge says European Commission
Global concerns over populism have been highlighted by the Brexit vote and a growing wave of unhappiness by consumers regarding inequality and the power of increasingly large corporations.
Speaking Wednesday, the president of the European Commission warned that “galloping populism” is a risk to the European Union from nationalistic interests and a lack of unity on many issues.
He called for “more solidarity” between member states and said that the growth of the EU could not be undermined by national interests.
He warned that unemployment and social injustice were two key areas where the member states need to work together quickly.
World markets are mixed Wednesday as investors consider the moves for central banks while the decline in oil prices has been halted for now.
Asian markets are focused on the Fed and the Bank of Japan. With both meeting next week there is hope for increased stimulus from the BoJ and a bit more certainty over interest rates from the Fed.
Most major Asian indexes closed lower with Sydney bucking the trend. Seoul was closed for a public holiday.
European indexes are generally trending higher Wednesday. While central banks are the talk of the markets, regional activity is also in focus. The Bayer/Monsanto deal is expected to be announced; a $66 billion tie-up between the German and US chemical firms.
Wall Street and Toronto are expected to open slightly higher.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,066.75 (-1.41 per cent) | -2.74 per cent | +9.94 per cent |
| TSX Composite | 14,349.10 (-1.70 per cent) | -2.70 per cent | +7.46 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,703.00 (+0.56 per cent) | -3.08 per cent | +10.16 per cent |
| German DAX | 10,427.02 (+0.39 per cent) | -2.67 per cent | +2.91 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,238.73 (-0.66 per cent) | -1.68 per cent | -1.29 per cent |
| Japan Nikkei | 16,614.24 (-0.69 per cent) | -1.81 per cent | -7.52 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 47.34 (+0.51 per cent) |
45.22 (+0.71 per cent) |
1325.80 (+0.16 per cent) |
U$0.7592 |
| Aus. Dollar |
|||
| U$0.7464 | |||
Populism set to surge says European Commission
Global concerns over populism have been highlighted by the Brexit vote and a growing wave of unhappiness by consumers regarding inequality and the power of increasingly large corporations.
Speaking Wednesday, the president of the European Commission warned that “galloping populism” is a risk to the European Union from nationalistic interests and a lack of unity on many issues.
He called for “more solidarity” between member states and said that the growth of the EU could not be undermined by national interests.
He warned that unemployment and social injustice were two key areas where the member states need to work together quickly.
