Focus on Fed, ECB... Yahoo, Facebook status update...
Focus on Fed, ECB
Markets are focused on two of the world’s largest central banks Wednesday. Fed chair Janet Yellen is scheduled to speak at the Economic Club of Washington at 12.30pm EST and her words will be scrutinized closely ahead of the Fed’s monetary policy meeting mid-December.
Meanwhile investors and analysts are also expecting the European Central Bank to react to current economic conditions in the bloc when it meets Thursday. New figures show continued weakness in the Eurozone’s inflation.
Asian markets closed mixed with Shanghai gaining on speculation that the Chinese government could be about to boost the flagging property market. Tokyo close lower along with Sydney, despite new figures showing the Australian economy grew by 2.5 per cent in the third quarter; up from 1.9 per cent a year earlier and exceeding expectations of 2.4 per cent.
European indexes are higher so far Wednesday while New York and Toronto are expected to open higher. Wall Street will be watching the Fed’s Beige Book at 2pm as well as Ms. Yellen’s speech.
Yahoo, Facebook status update
Two of the world’s biggest online firms are in the headlines Wednesday. Yahoo shares up gaining following a report that the firm may be seeking a buyer for its flagging business. Meanwhile Facebook’s mark Zuckerberg has written an open letter to his new daughter pledging to give away 99 per cent of his stock in the firm in order to fund charitable projects during his life and that of his wife Chan.
Markets are focused on two of the world’s largest central banks Wednesday. Fed chair Janet Yellen is scheduled to speak at the Economic Club of Washington at 12.30pm EST and her words will be scrutinized closely ahead of the Fed’s monetary policy meeting mid-December.
Meanwhile investors and analysts are also expecting the European Central Bank to react to current economic conditions in the bloc when it meets Thursday. New figures show continued weakness in the Eurozone’s inflation.
Asian markets closed mixed with Shanghai gaining on speculation that the Chinese government could be about to boost the flagging property market. Tokyo close lower along with Sydney, despite new figures showing the Australian economy grew by 2.5 per cent in the third quarter; up from 1.9 per cent a year earlier and exceeding expectations of 2.4 per cent.
European indexes are higher so far Wednesday while New York and Toronto are expected to open higher. Wall Street will be watching the Fed’s Beige Book at 2pm as well as Ms. Yellen’s speech.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 17,719.92 (+0.95 per cent) | +0.33 per cent | -0.05 per cent |
| TSX Composite | 13,636.06 (+1.23 per cent) | +0.10 per cent | -6.73 per cent |
| Europe (at 6.00am ET) |
|||
| UK FTSE | 6,424.24 (+0.45 per cent) | +0.98 per cent | - 4.71 per cent |
| German DAX | 11,302.20 (+0.36 per cent) | +3.17 per cent | +14.06 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,721.96 (+3.63 per cent) | +7.08 per cent | +27.29 per cent |
| Japan Nikkei | 19,938.13 (-0.37 per cent) | +6.72 per cent | +12.88 per cent |
| Other Data (at 6.00am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 43.82 (-1.40 per cent) |
41.33 (-1.24 per cent) |
1066.10 (+0.24 per cent) |
U$0.7480 |
| Aus. Dollar |
|||
| U$0.7330 | |||
Yahoo, Facebook status update
Two of the world’s biggest online firms are in the headlines Wednesday. Yahoo shares up gaining following a report that the firm may be seeking a buyer for its flagging business. Meanwhile Facebook’s mark Zuckerberg has written an open letter to his new daughter pledging to give away 99 per cent of his stock in the firm in order to fund charitable projects during his life and that of his wife Chan.
