Equities mixed, oil recovers... PIMCO announces new chief...
Equities mixed, oil recovers
Equities are mixed so far Tuesday with Asian markets losing optimism while Europe is gaining.
Oil prices, which have been declining this week have recovered some lost ground as US inventory figures are anticipated later in the session.
Asian markets closed mixed as some gains for miners helped Australia’s ASX and Hong Kong also advanced; Shanghai and Tokyo were both lower. Japanese firm Nintendo saw shares fall more than 12 per cent as the launch of the Pokemon Go app, which has gripped many gamers in North America and Europe, was delayed in its home market.
European indexes have fared better with earnings in focus. The tech sector is showing notable strength. London’s FTSE was given a boost by the Bank of England’s statement that there was “no clear evidence” of a Brexit-induced slowdown in the UK’s economy almost a month after the referendum vote.
Wall Street and Toronto are expected to open higher.
PIMCO announces new chief
Emmanuel 'Manny' Roman of the Man Group plc has been named as the new chief executive of Pacific Investment Management Company (PIMCO) to replace Douglas Hodge.
Roman will take up his new role on November 1 and will be succeeded at the Man Group by Luke Ellis.
Equities are mixed so far Tuesday with Asian markets losing optimism while Europe is gaining.
Oil prices, which have been declining this week have recovered some lost ground as US inventory figures are anticipated later in the session.
Asian markets closed mixed as some gains for miners helped Australia’s ASX and Hong Kong also advanced; Shanghai and Tokyo were both lower. Japanese firm Nintendo saw shares fall more than 12 per cent as the launch of the Pokemon Go app, which has gripped many gamers in North America and Europe, was delayed in its home market.
European indexes have fared better with earnings in focus. The tech sector is showing notable strength. London’s FTSE was given a boost by the Bank of England’s statement that there was “no clear evidence” of a Brexit-induced slowdown in the UK’s economy almost a month after the referendum vote.
Wall Street and Toronto are expected to open higher.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,559.01 (+0.14 per cent) | +4.24 per cent | +2.53 per cent |
| TSX Composite | 14,524.61 (-0.05per cent) | +3.64 per cent | -0.69 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,726.72 (+0.44 per cent) | +8.43 per cent | -0.91 per cent |
| German DAX | 10,076.18 (+0.95 per cent) | +1.15 per cent | -14.14 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,237.60 (-0.33 per cent) | +4.01 per cent | -22.18 per cent |
| Japan Nikkei | 16,681.89 (-0.25 per cent) | +4.49 per cent | -19.02 per cent |
| Other Data (at 4.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 46.93 (+0.58 per cent) |
44.75 (+0.22 per cent) |
1327.00 (-0.40 per cent) |
U$0.7663 |
| Aus. Dollar |
|||
| U$0.7488 | |||
PIMCO announces new chief
Emmanuel 'Manny' Roman of the Man Group plc has been named as the new chief executive of Pacific Investment Management Company (PIMCO) to replace Douglas Hodge.
Roman will take up his new role on November 1 and will be succeeded at the Man Group by Luke Ellis.
