Equities mixed on oil, Fed, Chinese data... Germany’s top court says provisional yes to Canada trade deal...
Equities mixed on oil, Fed, Chinese data
A range of factors are weighing on the markets Thursday with revised talks a US interest rate rise following the release of the Fed’s latest minutes in the previous session; oil prices are declining on OPEC’s record output; and Chinese data showing weak imports and exports in September.
Asian markets have closed mostly lower although Shanghai managed a slim gain. South Korea’s central bank opted to hold interest rates at 1.25 per cent with rising concern over the country’s household debt levels.
European markets are also lower with Germany and France both off by more than 1 per cent. In London, food giant Unilever’s shares were down more than 3 per cent amid a dispute with the UK’s largest grocery chain Tesco. The retailer has pulled some Unilever products from its range after a dispute about pricing. It appears that the low valued pound is behind the row.
Wall Street and Toronto are expected to open lower.
Germany’s top court says provisional yes to Canada trade deal
The CETA trade deal between Canada and the EU has cleared a hurdle in Germany’s top court, moving the agreement a step closer. While it has not been without its opponents here and in Europe, CETA is expected to be agreed by EU ministers Tuesday with its signing taking place on Oct. 27.
A range of factors are weighing on the markets Thursday with revised talks a US interest rate rise following the release of the Fed’s latest minutes in the previous session; oil prices are declining on OPEC’s record output; and Chinese data showing weak imports and exports in September.
Asian markets have closed mostly lower although Shanghai managed a slim gain. South Korea’s central bank opted to hold interest rates at 1.25 per cent with rising concern over the country’s household debt levels.
European markets are also lower with Germany and France both off by more than 1 per cent. In London, food giant Unilever’s shares were down more than 3 per cent amid a dispute with the UK’s largest grocery chain Tesco. The retailer has pulled some Unilever products from its range after a dispute about pricing. It appears that the low valued pound is behind the row.
Wall Street and Toronto are expected to open lower.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,144.20 (+0.09 per cent) | -0.99 per cent | +5.91 per cent |
| TSX Composite | 14,618.97 (+0.48 per cent) | +1.88 per cent | +5.59 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,999.83 (-0.34 per cent) | +5.01 per cent | +10.37 per cent |
| German DAX | 10,410.51 (-1.07 per cent) | +0.23 per cent | +3.76 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,302.65 (+0.08 per cent) | +1.30 per cent | -4.13 per cent |
| Japan Nikkei | 16,774.24 (-0.39 per cent) | +0.27 per cent | -8.01 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 51.60 (-0.46 per cent) |
49.89 (-0.58 per cent) |
1259.40 (+0.55 per cent) |
U$0.7528 |
| Aus. Dollar |
|||
| U$0.7523 | |||
Germany’s top court says provisional yes to Canada trade deal
The CETA trade deal between Canada and the EU has cleared a hurdle in Germany’s top court, moving the agreement a step closer. While it has not been without its opponents here and in Europe, CETA is expected to be agreed by EU ministers Tuesday with its signing taking place on Oct. 27.
