Equities mixed, commodities slip... Alibaba ‘Singles Day’ smashes records...
Equities mixed, commodities slip
Stock markets are mixed Friday as investors continue to weigh the impact of a Trump presidency.
Asian markets closed with gains for Tokyo, Sydney and Shanghai, while Hong Kong was down more than 1 per cent. Shanghai entered a bull market.
European indexes are mostly trending lower as Brexit once again takes centre stage. There is concern that if the next step of the legal challenge against the government’s power to begin leaving the EU forces a vote in parliament, there could be many MPs voting against the plan. That could mean an extended period of uncertainty.
Meanwhile, Germany’s DAX has outperformed its peers following consumer price data which hit expectations.
Wall Street and Toronto are expected to open higher.
Alibaba ‘Singles Day’ smashes records
Chinese online marketplace Alibaba has smashed its record for sales on China’s equivalent of Black Friday.
The Singles Day event which runs for 24 hours, exceeded the U$14.3 billion in sales achieved a year ago just two-thirds of the way through the day.
Bloomberg reports that the retailer pulled in celebrity power including One Republic, David Beckham and Scarlett Johansson to launch the 24-hour retail frenzy.
Stock markets are mixed Friday as investors continue to weigh the impact of a Trump presidency.
Asian markets closed with gains for Tokyo, Sydney and Shanghai, while Hong Kong was down more than 1 per cent. Shanghai entered a bull market.
European indexes are mostly trending lower as Brexit once again takes centre stage. There is concern that if the next step of the legal challenge against the government’s power to begin leaving the EU forces a vote in parliament, there could be many MPs voting against the plan. That could mean an extended period of uncertainty.
Meanwhile, Germany’s DAX has outperformed its peers following consumer price data which hit expectations.
Wall Street and Toronto are expected to open higher.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,807.88 (+1.17 per cent) | +2.61 per cent | +5.91 per cent |
| TSX Composite | 14,744.25 (-0.11 per cent) | +1.34 per cent | +10.51 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,745.53 (-1.21 per cent) | -4.60 per cent | +7.12 per cent |
| German DAX | 10,642.60 (+0.12 per cent) | +0.62 per cent | - 2.43 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,417.22 (+0.78 per cent) | +3.35 per cent | -10.86 per cent |
| Japan Nikkei | 17,374.79 (+0.18 per cent) | +2.06 per cent | -11.76 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 45.62 (-0.48 per cent) |
44.28 (-0.85 per cent) |
1253.40 (-1.03 per cent) |
U$0.7406 |
| Aus. Dollar |
|||
| U$0.7588 | |||
Alibaba ‘Singles Day’ smashes records
Chinese online marketplace Alibaba has smashed its record for sales on China’s equivalent of Black Friday.
The Singles Day event which runs for 24 hours, exceeded the U$14.3 billion in sales achieved a year ago just two-thirds of the way through the day.
Bloomberg reports that the retailer pulled in celebrity power including One Republic, David Beckham and Scarlett Johansson to launch the 24-hour retail frenzy.
