Equities mixed, oil continues higher... OECD says world leaders need to take urgent action...
Equities mixed, oil continues higher
World equity markets are mixed so far Thursday. Meanwhile oil is continuing its upward trajectory following Iran adding its support to calls for a freeze on output.
Asian markets closed mostly higher despite further weak data from China showing a slower pace of inflation than expected (1.8 per cent) in January. Experts had been forecasting 1.9 per cent due to Chinese New Year. China’s producer price index was also weak with a 5.3 per cent drop. Shanghai closed lower while its peers were higher, led by Tokyo.
In Europe equities are mostly higher following earlier losses. Oil prices and regional earnings are in focus.
Wall Street and Toronto are expected to open higher.
OECD says world leaders need to take urgent action​
The Paris-based think tank OECD said Thursday that world leaders would need an urgent policy re-think in order to boost global growth. The organization has cut its global growth forecast to 3.0 per cent for 2016, down from the 3.3 per cent it forecast in November. The US, Germany and Brazil are among the economies expected to see lower growth levels while Indian is expected to grow by 7.4 per cent, revised upwards from a previous estimate of 7.3 per cent.
World equity markets are mixed so far Thursday. Meanwhile oil is continuing its upward trajectory following Iran adding its support to calls for a freeze on output.
Asian markets closed mostly higher despite further weak data from China showing a slower pace of inflation than expected (1.8 per cent) in January. Experts had been forecasting 1.9 per cent due to Chinese New Year. China’s producer price index was also weak with a 5.3 per cent drop. Shanghai closed lower while its peers were higher, led by Tokyo.
In Europe equities are mostly higher following earlier losses. Oil prices and regional earnings are in focus.
Wall Street and Toronto are expected to open higher.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 16,453.83 (+1.59 per cent) | +2.91 per cent | -8.74 per cent |
| TSX Composite | 12,867.16 (+2.49 per cent) | +7.75 per cent | -15.42 per cent |
| Europe (at 5.30am ET) |
|||
| UK FTSE | 6,009.91 (-0.34 per cent) | +3.98 per cent | -12.88 per cent |
| German DAX | 9,477.70 (+1.07 per cent) | -0.46 per cent | -13.53 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,053.70 (-0.31 per cent) | -2.46 per cent | -13.30 per cent |
| Japan Nikkei | 16,196.80 (+2.28 per cent) | -4.48 per cent | -11.00 per cent |
| Other Data (at 6.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 35.39 (+2.58 per cent) |
31.66 (+3.26 per cent) |
1202.80 (-0.71 per cent) |
U$0.7317 |
| Aus. Dollar |
|||
| U$0.7169 | |||
OECD says world leaders need to take urgent action​
The Paris-based think tank OECD said Thursday that world leaders would need an urgent policy re-think in order to boost global growth. The organization has cut its global growth forecast to 3.0 per cent for 2016, down from the 3.3 per cent it forecast in November. The US, Germany and Brazil are among the economies expected to see lower growth levels while Indian is expected to grow by 7.4 per cent, revised upwards from a previous estimate of 7.3 per cent.
