Markets mixed ahead of BoJ... Credit Suisse chief cautious over Brexit...
Markets mixed ahead of BoJ
No big surprises so far Thursday as markets await the latest interest rate decision and monetary policy from the Bank of Japan due Friday.
Asian markets closed mixed as Shanghai recovered some lost ground from a sell-off in the previous session amid reports that authorities would be clamping down on riskier assets. Australia’s main index also closed higher as materials stocks gained. Other major indexes closed lower.
European indexes are mainly reflecting regional earnings but also considering the Fed’s monetary policy and interest rates announcement. The major markets are trending slightly lower.
Wall Street and Toronto are expected to open flat.
Oil prices have increased slightly overnight but the underlying concern over the supply glut remains high especially amid new increases in US stockpiles.
Credit Suisse chief cautious over Brexit
The chief executive of Credit Suisse says that the bank has not suffered any post-Brexit impact but that it remains ready to deal with that prospect. Speaking after announcing a surprise profit for the second quarter of 2016, Tidjane Thiam highlighted the uncertainties facing banks currently and commented on Suisse’ decision to move almost 2,000 jobs from London to Poland and India: "We have to look for where there is profitable growth and push capital towards those areas ... Our plan has been to fundamentally reduce our footprint in London."
No big surprises so far Thursday as markets await the latest interest rate decision and monetary policy from the Bank of Japan due Friday.
Asian markets closed mixed as Shanghai recovered some lost ground from a sell-off in the previous session amid reports that authorities would be clamping down on riskier assets. Australia’s main index also closed higher as materials stocks gained. Other major indexes closed lower.
European indexes are mainly reflecting regional earnings but also considering the Fed’s monetary policy and interest rates announcement. The major markets are trending slightly lower.
Wall Street and Toronto are expected to open flat.
Oil prices have increased slightly overnight but the underlying concern over the supply glut remains high especially amid new increases in US stockpiles.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,472.17 (-0.01 per cent) | +6.10 per cent | +4.78 per cent |
| TSX Composite | 14,546.54 (-0.02 per cent) | +5.08 per cent | +3.33 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,742.75 (-0.11 per cent) | +9.81 per cent | +2.86 per cent |
| German DAX | 10,322.50 (+0.03 per cent) | +9.26 per cent | -7.62 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,221.14 (+0.09 per cent) | +2.70 per cent | -15.48 per cent |
| Japan Nikkei | 16,476.84 (-1.13 per cent) | +7.53 per cent | -18.95 per cent |
| Other Data (at 4.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 43.50 (+0.07 per cent) |
42.07 (+0.36 per cent) |
1342.00 (+1.15 per cent) |
U$0.7618 |
| Aus. Dollar |
|||
| U$0.7543 | |||
Credit Suisse chief cautious over Brexit
The chief executive of Credit Suisse says that the bank has not suffered any post-Brexit impact but that it remains ready to deal with that prospect. Speaking after announcing a surprise profit for the second quarter of 2016, Tidjane Thiam highlighted the uncertainties facing banks currently and commented on Suisse’ decision to move almost 2,000 jobs from London to Poland and India: "We have to look for where there is profitable growth and push capital towards those areas ... Our plan has been to fundamentally reduce our footprint in London."
