US election dominates, oil slips further... Fed interest rate odds rise...
US election dominates, oil slips further
Investors remain concerned about the US presidential election and equities are expected to be subdued over the next few sessions.
Meanwhile oil and gold have both slipped overnight.
Many Asian markets saw a sharp sell-off Friday with Tokyo and Sydney seeing the largest drops as some polls continue to suggest either candidate could be next in the White House.
European markets are also trending lower with London and Frankfurt taking the biggest hits so far. Added uncertainty over Brexit has also shaken the markets with the British government set to challenge yesterday’s court decision that parliament must vote on exiting the EU.
Wall Street and Toronto are expected to open lower. US jobs data is due this morning at 8.30am ET.
Fed interest rate odds rise
December has been the most-expected option for the Fed to increase interest rates for some time but that expectation is now approaching 80 per cent.
Bond traders are anticipating a strong jobs report Friday which would likely tip the balance in favour of a rate increase next month. The rise in expectation for a December rise increased from 69 per cent a week ago to 78 per cent this week, according to a Bloomberg poll.
Investors remain concerned about the US presidential election and equities are expected to be subdued over the next few sessions.
Meanwhile oil and gold have both slipped overnight.
Many Asian markets saw a sharp sell-off Friday with Tokyo and Sydney seeing the largest drops as some polls continue to suggest either candidate could be next in the White House.
European markets are also trending lower with London and Frankfurt taking the biggest hits so far. Added uncertainty over Brexit has also shaken the markets with the British government set to challenge yesterday’s court decision that parliament must vote on exiting the EU.
Wall Street and Toronto are expected to open lower. US jobs data is due this morning at 8.30am ET.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 17,930.67 (-0.16 per cent) | -1.77 per cent | +0.07 per cent |
| TSX Composite | 14,583.42 (-0.08 per cent) | +0.43 per cent | +6.75 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,703.73 (-1.28 per cent) | -5.24 per cent | +4.54 per cent |
| German DAX | 10,224.20 (-0.98 per cent) | -3.72 per cent | - 5.73 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,354.17 (-0.32 per cent) | +3.10 per cent | -7.56 per cent |
| Japan Nikkei | 16,905.36 (-1.34 per cent) | +1.85 per cent | -9.52 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 46.18 (-0.37 per cent) |
44.59 (-0.16 per cent) |
1302.80 (-0.04 per cent) |
U$0.7459 |
| Aus. Dollar |
|||
| U$0.7684 | |||
Fed interest rate odds rise
December has been the most-expected option for the Fed to increase interest rates for some time but that expectation is now approaching 80 per cent.
Bond traders are anticipating a strong jobs report Friday which would likely tip the balance in favour of a rate increase next month. The rise in expectation for a December rise increased from 69 per cent a week ago to 78 per cent this week, according to a Bloomberg poll.
