US jobs data anticipated, equities mixed... US banks at risk from rising interest rates warn regulators...
US jobs data anticipated, equities mixed
Markets are awaiting US non-farm payroll data due to be released at 8.30am ET Friday in a bid to second-guess the Fed. Although the odds of an interest rate rise later this month have been shortening, weaker-than-expected manufacturing data Thursday cast doubt on a rate hike.
Asian markets closed mixed as mostly higher, helped by some better performance by materials stocks. Sydney and Tokyo bucked the trend to close lower.
In Europe, there is a broadly positive tone with major indexes advancing.
Wall Street and Toronto are expected to open higher ahead of the jobs data.
US banks at risk from rising interest rates warn regulators
The way US banks have arranged their balance sheets could be a risk if interest rates rise sharply.
That’s the view of the chair of the Federal Deposit Insurance Corporation, Martin Gruenberg, who said that the shift in recent years towards long-term loans often involving real estate could see banks struggle.
His comments are in line with a warning from Eric Rosengren of the Boston Fed who said this week that those long-term real estate loans could turn toxic and impact the wider economy.
Markets are awaiting US non-farm payroll data due to be released at 8.30am ET Friday in a bid to second-guess the Fed. Although the odds of an interest rate rise later this month have been shortening, weaker-than-expected manufacturing data Thursday cast doubt on a rate hike.
Asian markets closed mixed as mostly higher, helped by some better performance by materials stocks. Sydney and Tokyo bucked the trend to close lower.
In Europe, there is a broadly positive tone with major indexes advancing.
Wall Street and Toronto are expected to open higher ahead of the jobs data.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,419.30 (+0.10 per cent) | +0.58 per cent | +12.65 per cent |
| TSX Composite | 14,683.91 (+0.59 per cent) | +1.43 per cent | +8.41 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,766.49 (+0.30 per cent) | +1.82 per cent | +11.23 per cent |
| German DAX | 10,548.79 (+0.14 per cent) | +3.99 per cent | +4.98 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,314.11 (+0.38 per cent) | +3.92 per cent | -1.54 per cent |
| Japan Nikkei | 16,925.68 (-0.01 per cent) | +3.26 per cent | -6.46 per cent |
| Other Data (at 2.30am ET) |
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| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 45.46 (+0.02 per cent) |
43.21 (+0.12 per cent) |
1314.20 (-0.22 per cent) |
U$0.7628 |
| Aus. Dollar |
|||
| U$0.7540 | |||
US banks at risk from rising interest rates warn regulators
The way US banks have arranged their balance sheets could be a risk if interest rates rise sharply.
That’s the view of the chair of the Federal Deposit Insurance Corporation, Martin Gruenberg, who said that the shift in recent years towards long-term loans often involving real estate could see banks struggle.
His comments are in line with a warning from Eric Rosengren of the Boston Fed who said this week that those long-term real estate loans could turn toxic and impact the wider economy.
