Global markets mixed on oil, terrorism... Business leaders want charges for carbon emissions ...
Global markets mixed on oil, terrorism
Oil prices have regained some lost ground overnight as a dispute opens up between OPEC giant Saudi Arabia and its smaller members including Venezuela. The Saudis are keen to increase market share and have been willing to accept lower prices as part of the process but smaller nations are suffering badly from the price rout and want a change of policy. The OPEC members will meet next month.
Elsewhere there is concern over terrorism in Europe. Following the Paris attacks and a security lockdown in Brussels, Belgium’s capital and the administrative centre of the EU, concern is at a high.
Markets in Asia have closed mainly higher despite many in the region, including China and Australia being hit by lower commodity prices. Sydney and Hong Kong closed with losses.
European indexes are mostly lower amid terror concerns especially following a US global travel warning of increased terrorism risk. Airline shares have been hit by current events.
Wall Street and Toronto are expected to open slightly lower ahead of US GDP data which is being released earlier in the week than usual due to Thanksgiving weekend.
Business leaders want charges for carbon emissions
A group of chief executives from global companies have said that they want governments to price-in carbon emissions on new climate change policies. The 78 CEOs from firms including PepsiCo, HSBC and Nestle signed a letter organized by the World Economic Forum calling for “explicit or implicit prices on carbon achieved via market mechanisms or coherent legislative measures according to national preferences” in a bid to spark low-carbon investments to reduce emission patterns at “a significant scale”.
Oil prices have regained some lost ground overnight as a dispute opens up between OPEC giant Saudi Arabia and its smaller members including Venezuela. The Saudis are keen to increase market share and have been willing to accept lower prices as part of the process but smaller nations are suffering badly from the price rout and want a change of policy. The OPEC members will meet next month.
Elsewhere there is concern over terrorism in Europe. Following the Paris attacks and a security lockdown in Brussels, Belgium’s capital and the administrative centre of the EU, concern is at a high.
Markets in Asia have closed mainly higher despite many in the region, including China and Australia being hit by lower commodity prices. Sydney and Hong Kong closed with losses.
European indexes are mostly lower amid terror concerns especially following a US global travel warning of increased terrorism risk. Airline shares have been hit by current events.
Wall Street and Toronto are expected to open slightly lower ahead of US GDP data which is being released earlier in the week than usual due to Thanksgiving weekend.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 17,792.68 (-0.17 per cent) | +0.83 per cent | -0.10 per cent |
| TSX Composite | 13,382.38 (-0.38 per cent) | -4.09 per cent | -10.88 per cent |
| Europe (at 6.00am ET) |
|||
| UK FTSE | 6,254.28 (-0.81 per cent) | -2.95 per cent | - 7.07 per cent |
| German DAX | 10,992.73 (-0.90 per cent) | +1.84 per cent | +12.34 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,753.89 (+0.01 per cent) | +5.11 per cent | +41.70 per cent |
| Japan Nikkei | 19,924.89 (+0.23 per cent) | +5.84 per cent | +14.79 per cent |
| Other Data (at 6.00am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 45.21 (+0.85 per cent) |
42.10 (+0.84 per cent) |
1073.60 (+0.64 per cent) |
U$0.7487 |
| Aus. Dollar |
|||
| U$0.7219 | |||
Business leaders want charges for carbon emissions
A group of chief executives from global companies have said that they want governments to price-in carbon emissions on new climate change policies. The 78 CEOs from firms including PepsiCo, HSBC and Nestle signed a letter organized by the World Economic Forum calling for “explicit or implicit prices on carbon achieved via market mechanisms or coherent legislative measures according to national preferences” in a bid to spark low-carbon investments to reduce emission patterns at “a significant scale”.
