Greenback, commodities boost investor sentiment... OPEC talks positive as day 2 begins...
Greenback, commodities boost investor sentiment
World equity markets are higher Tuesday as increases for oil and metals prices boost sentiment along with the fall in the US dollar.
Asian indexes closed with gains with Tokyo’s Nikkei rising following assessment of damage from yesterday’s earthquake which appears to be moderate. Sydney’s ASX advanced as miners, energy firms and banks all saw strong gains.
European markets are also trending higher led by the FTSE in London. New UK data shows a sharp reduction in public sector borrowing.
Wall Street and Toronto are expected to open higher.
OPEC talks positive as day 2 begins
The first day of talks between OPEC members in a bid to reach agreement on an output cap, ended positively according to Libya’s OPEC Governor Mohamed Oun.
His views were shared by Iran’s Oil Minister Bijan Namdar Zanganeh who said that a deal was “highly likely” and his Iraqi counterpart Jabbar Al-Luaibi who said his country’s proposals should help with a deal.
The second day of talks will be closely watched by analysts and investors with oil jumping more than 4 per cent Monday and overnight gains exceeding 1.5 per cent.
World equity markets are higher Tuesday as increases for oil and metals prices boost sentiment along with the fall in the US dollar.
Asian indexes closed with gains with Tokyo’s Nikkei rising following assessment of damage from yesterday’s earthquake which appears to be moderate. Sydney’s ASX advanced as miners, energy firms and banks all saw strong gains.
European markets are also trending higher led by the FTSE in London. New UK data shows a sharp reduction in public sector borrowing.
Wall Street and Toronto are expected to open higher.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,956.69 (+0.47 per cent) | +4.47 per cent | +6.36 per cent |
| TSX Composite | 15,039.87 (+1.18 per cent) | +0.67 per cent | +11.96 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,834.15 (+0.83 per cent) | -2.65 per cent | +7.89 per cent |
| German DAX | 10,720.92 (+0.33 per cent) | +0.10 per cent | -3.59 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,468.36 (+0.79 per cent) | +4.23 per cent | -8.11 per cent |
| Japan Nikkei | 18,162.94 (+0.31 per cent) | +5.69 per cent | -8.64 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 49.76 (+1.76 per cent) |
48.98 (+1.53 per cent) |
1218.10 (+0.69 per cent) |
U$0.7470 |
| Aus. Dollar |
|||
| U$0.7407 | |||
OPEC talks positive as day 2 begins
The first day of talks between OPEC members in a bid to reach agreement on an output cap, ended positively according to Libya’s OPEC Governor Mohamed Oun.
His views were shared by Iran’s Oil Minister Bijan Namdar Zanganeh who said that a deal was “highly likely” and his Iraqi counterpart Jabbar Al-Luaibi who said his country’s proposals should help with a deal.
The second day of talks will be closely watched by analysts and investors with oil jumping more than 4 per cent Monday and overnight gains exceeding 1.5 per cent.
