Morning Briefing: Markets mixed, commodities stable

Markets mixed, commodities stable

Oil prices remain subdued but were stable overnight, giving some positivity to the equity markets, which are mixed so far Friday.

Asian indexes closed mostly higher although there was concern about an investigation by China’s banking regulator into overseas asset purchase loans. Japanese manufacturing PMI was weaker than the previous reading.

European markets are trending lower as Eurozone PMI figures showed mixed fortunes with the composite index for the bloc missing expectation by around 1 point. The second day of the European Council’s summit is in focus.

Wall Street and Toronto are expected to open slightly higher. Canadian inflation figures and US home sales and oil rig data are due.
 

	Latest	1 month ago	1 year ago
North America (previous session)
US Dow Jones	21,397.29 (-0.06 per cent)	+2.19 per cent	+18.80 per cent
TSX Composite	15,219.90 (+0.47 per cent)	-1.66 per cent	+7.70 per cent
Europe (at 5.00am ET)
UK FTSE	7,423.21 (-0.22 per cent)	-0.83 per cent	+17.12 per cent
German DAX	12,761.41 (-0.25 per cent)	+0.81 per cent	+24.42 per cent
Asia (at close)
China CSI 300	3,622.88 (+0.91 per cent)	+5.80 per cent	+16.22 per cent
Japan Nikkei	20,132.67 (+0.11 per cent)	+2.65 per cent	+23.98 per cent
Other Data (at 5.00am ET)
Oil (Brent)	Oil (WTI)	Gold	Can. Dollar
45.31 (+0.20 per cent)	42.85 (+0.26 per cent)	1256.60 (+0.58 per cent)	U$0.7561
			Aus. Dollar
			U$0.7565

US banks clear first round of Fed stress test

The Federal Reserve says that 34 of the largest US banks have passed the first stage of its stress test and would have enough capital reserves to meet their requirements in a severe recession.

"This year's results show that, even during a severe recession, our large banks would remain well capitalized. This would allow them to lend throughout the economic cycle, and support households and businesses when times are tough," said Fed Governor Jerome Powell,