Markets mixed, Trump in focus...US crude inventories subdue gains for oil...
Markets mixed, Trump in focus
World markets are mixed so far Thursday ahead of an expected vote on Donald Trump’s US healthcare reforms and following a terrorist incident in London.
Asian markets closed mostly higher but many of the gains were small; Sydney was one of the best performers, closing up 0.41 per cent.
In Europe, markets are mixed following weakened German sentiment data and a strong surge for UK retail trade. The terror attack near Britain’s iconic parliament building has been met with a resilient response from Londoners and parliament is sitting as usual.
Fed chair Janet Yellen is in London currently and is due to speak at 8am EST.
Wall Street and Toronto are expected to open higher.
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Latest |
1 month ago |
1 year ago |
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North America (previous session) |
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US Dow Jones |
20,661.30 (-0.03 per cent) |
-0.72 per cent |
+18.05 per cent |
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TSX Composite |
15,348.46 (+0.23 per cent) |
-2.74 per cent |
+14.72 per cent |
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Europe (at 5.00am ET) |
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UK FTSE |
7,323.45 (-0.02 per cent) |
+0.72 per cent |
+18.14 per cent |
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German DAX |
11,925.93 (+0.18 per cent) |
-0.18 per cent |
+18.99 per cent |
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Asia (at close) |
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China CSI 300 |
3,461.98 (+0.35 per cent) |
-0.33 per cent |
+6.98 per cent |
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Japan Nikkei |
19,085.31 (+0.23 per cent) |
-1.48 per cent |
+12.26 per cent |
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Other Data (at 5.00am ET) |
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Oil (Brent) |
Oil (WTI) |
Gold |
Can. Dollar |
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50.90 (+0.51 per cent) |
48.31 (+0.56 per cent) |
1246.50 (-0.26 per cent) |
U$0.7490 |
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Aus. Dollar |
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U$0.7627 |
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US crude inventories subdue gains for oil
Oil prices have recovered overnight but the spectre of rising US stockpiles is subduing the market.
Although there is hope that the OPEC-led curbs on production will be extended, the increased output of American producers is weakening the cap’s effect.
Barclays Bank’s latest assessment calls for a $50 to $60 barrel in the second quarter but others are less optimistic with Greg McKenna of futures brokerage AxiTrader telling Reuters that increased output from the US and some non-compliant OPEC members could push prices lower.
