Global stocks higher... WTO cuts growth forecast... Switzerland most competitive economy, Indian jumps...
Global stocks higher
Gains in some commodity prices and a positive lead from Wall Street helped Asian stock markets to trade with greater sentiment Wednesday following a large sell-off in the previous session.
The optimism has spread to Europe and North American markets are expected to open higher.
Generally the third quarter has been poor with most major markets ending the three months lower than they started as concern over global growth pervades and commodity prices remain volatile.
WTO cuts growth forecast
The World Trade Organisation says it expects global growth to be 2.8 per cent for 2015; down from the 3.3 per cent it forecast in April. In a statement the WTO said: "Volatility in financial markets, uncertainty over the changing stance of monetary policy in the United States and mixed recent economic data have clouded the outlook for the world economy and trade in the second half of the year and beyond.”
Switzerland most competitive economy, Indian jumps
Switzerland has topped the list of the world’s most competitive economies compiled by the World Economic Forum. Singapore is second with the US in third place ahead of Germany, the Netherlands, Japan, Hong Kong, Finland, Sweden and the UK. India has staged a remarkable turnaround, having declined for the past five years it has risen to number 28. The rankings consider factors including education, labour market, technology usage and innovation.
Gains in some commodity prices and a positive lead from Wall Street helped Asian stock markets to trade with greater sentiment Wednesday following a large sell-off in the previous session.
The optimism has spread to Europe and North American markets are expected to open higher.
Generally the third quarter has been poor with most major markets ending the three months lower than they started as concern over global growth pervades and commodity prices remain volatile.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 16,049.13 (+0.30 per cent) | -2.90 per cent | -5.83 per cent |
| TSX Composite | 13,036.96 (+0.25 per cent) | -5.93 per cent | -12.86 per cent |
| Europe (at 6.10am ET) |
|||
| UK FTSE | 6,033.64 (+2.11 per cent) | -3.43 per cent | - 8.89 per cent |
| German DAX | 9,687.61 (+2.51 per cent) | -5.57 per cent | +2.25 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,202.95 (+0.76 per cent) | -4.86 per cent | +30.68 per cent |
| Japan Nikkei | 17,388.15 (+2.70 per cent) | -7.95 per cent | +7.51 per cent |
| Other Data (at 6.10am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 48.10 (-0.27 per cent) |
45.03 (-0.44 per cent) |
1122.20 (-0.41 per cent) |
U$0.7460 |
| Aus. Dollar |
|||
| U$0.7029 | |||
WTO cuts growth forecast
The World Trade Organisation says it expects global growth to be 2.8 per cent for 2015; down from the 3.3 per cent it forecast in April. In a statement the WTO said: "Volatility in financial markets, uncertainty over the changing stance of monetary policy in the United States and mixed recent economic data have clouded the outlook for the world economy and trade in the second half of the year and beyond.”
Switzerland most competitive economy, Indian jumps
Switzerland has topped the list of the world’s most competitive economies compiled by the World Economic Forum. Singapore is second with the US in third place ahead of Germany, the Netherlands, Japan, Hong Kong, Finland, Sweden and the UK. India has staged a remarkable turnaround, having declined for the past five years it has risen to number 28. The rankings consider factors including education, labour market, technology usage and innovation.
