Fed in focus, markets jump on BoJ... Oil prices rebound 2 per cent on draw data...
Fed in focus, markets jump on BoJ
The Fed will announce its interest rate decision Wednesday and there are few analysts predicting any change but the words of the press conference will be scrutinized for expectation of a December rise.
Meanwhile, the Bank of Japan has announced some changes to its monetary policy to target interest rates and inflation. Interest rates have also been held.
The news subdued the yen, helping Japan’s exporters and boosting the Nikkei by almost 2 per cent. Elsewhere in Asia, despite some disappointment at the BoJ’s announcement, markets closed higher.
European indexes are also positive so far, following the BoJ and ahead of the Fed.
Wall Street and Toronto are expected to open higher.
Oil prices rebound 2 per cent on draw data
Data suggesting that there was a larger than expected draw down on US oil stocks has helped boost prices by 2 per cent overnight. A larger demand from Japan has also positively impacted prices.
The gains are likely to be short-lived though as the underlying data still points to a global supply glut which may or may not be boosted by a meeting of oil producers this month.
The Fed will announce its interest rate decision Wednesday and there are few analysts predicting any change but the words of the press conference will be scrutinized for expectation of a December rise.
Meanwhile, the Bank of Japan has announced some changes to its monetary policy to target interest rates and inflation. Interest rates have also been held.
The news subdued the yen, helping Japan’s exporters and boosting the Nikkei by almost 2 per cent. Elsewhere in Asia, despite some disappointment at the BoJ’s announcement, markets closed higher.
European indexes are also positive so far, following the BoJ and ahead of the Fed.
Wall Street and Toronto are expected to open higher.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,129.96 (+0.05 per cent) | -2.28 per cent | +10.65 per cent |
| TSX Composite | 14,521.98 (+0.18 per cent) | -1.13 per cent | +5.39 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,857.72 (+0.39 per cent) | -0.02 per cent | +12.26 per cent |
| German DAX | 10,492.27 (+0.95 per cent) | -0.49 per cent | +5.47 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,266.64 (+0.28 per cent) | -2.92 per cent | -1.26 per cent |
| Japan Nikkei | 16,807.62 (+1.91 per cent) | +1.58 per cent | -6.99 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 46.69 (+1.77 per cent) |
44.94 (+2.02 per cent) |
1322.70 (+0.34 per cent) |
U$0.7596 |
| Aus. Dollar |
|||
| U$0.7591 | |||
Oil prices rebound 2 per cent on draw data
Data suggesting that there was a larger than expected draw down on US oil stocks has helped boost prices by 2 per cent overnight. A larger demand from Japan has also positively impacted prices.
The gains are likely to be short-lived though as the underlying data still points to a global supply glut which may or may not be boosted by a meeting of oil producers this month.
