US stockpiles send oil prices tumbling... China takes steps to curb shadow lenders...
US stockpiles send oil prices tumbling
A positive trend for oil prices lifted markets Tuesday but that good work has been undone overnight as data from API revealed an unexpected growth in US stockpiles last week.
Oil prices are down more than 1.5 per cent this morning.
Asian equity markets closed mixed with little data to focus on and investors awaiting the speech by Fed chair Janet Yellen Friday.
European indexes are also mixed with London and Frankfurt lower while Paris is up.
Wall Street and Toronto are expected to open flat.
China takes steps to curb shadow lenders
Officials in China have imposed new limits on peer-to-peer lenders following concern over the country’s shadow banking sector.
The China Banking Regulatory Commission announced Wednesday a new limit of U$150,000 borrowing from P2P sites for individuals and $750 million for corporates.
Beijing is keen to reign in the largely unregulated shadow banking sector which has seen a surge in popularity, increasing the risk to the country’s already-fragile economy.
A positive trend for oil prices lifted markets Tuesday but that good work has been undone overnight as data from API revealed an unexpected growth in US stockpiles last week.
Oil prices are down more than 1.5 per cent this morning.
Asian equity markets closed mixed with little data to focus on and investors awaiting the speech by Fed chair Janet Yellen Friday.
European indexes are also mixed with London and Frankfurt lower while Paris is up.
Wall Street and Toronto are expected to open flat.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,547.30 (+0.10 per cent) | -0.13 per cent | +12.68 per cent |
| TSX Composite | 14,764.77 (+0.11 per cent) | +1.12 per cent | +13.12 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,852.82 (-0.23 per cent) | +1.82 per cent | +16.17 per cent |
| German DAX | 10,595.92 (+0.03 per cent) | +4.42 per cent | +9.82 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,329.86 (-0.36 per cent) | +3.25 per cent | +1.66 per cent |
| Japan Nikkei | 16,597.30 (+0.61 per cent) | -0.18 per cent | -10.48 per cent |
| Other Data (at 4.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 49.27 (-1.38 per cent) |
47.28 (-1.70 per cent) |
1342.50 (-0.27 per cent) |
U$0.7742 |
| Aus. Dollar |
|||
| U$0.7624 | |||
China takes steps to curb shadow lenders
Officials in China have imposed new limits on peer-to-peer lenders following concern over the country’s shadow banking sector.
The China Banking Regulatory Commission announced Wednesday a new limit of U$150,000 borrowing from P2P sites for individuals and $750 million for corporates.
Beijing is keen to reign in the largely unregulated shadow banking sector which has seen a surge in popularity, increasing the risk to the country’s already-fragile economy.
