World markets focus on ECB... Wall Street banks under fire again!... Has Black Friday lost its edge?... UK economy set to grow 2.4 per cent in 2016...
World markets focus on ECB
With the US markets closed for Thanksgiving and no major data releases the markets have been weighing Europe’s next move so far Thursday.
Analysts are considering reports that the European Central Bank may opt for some lesser-seen stimulus measures when it meets next week. This could include a two-tier deposit rate according to Reuters. There is also high anticipation of US interest rates being increased slowly from next month.
Asian indexes have closed mixed with no remarkable moves while European indexes are trading higher so far.
Toronto is expected to open slightly higher following the flat finish in the previous session.
Wall Street banks under fire again!
A lawsuit was filed Wednesday against some of the largest Wall Street banks alleging a conspiracy to prevent competition in the interest rate swapping market. Ten banks have been named in the class action suit brought by The Public School Teachers' Pension and Retirement Fund of Chicago.
Has Black Friday lost its edge?
Black Friday may have lost some of its sparkle according to industry experts. A report from Telsey Advisory Group says that as retailers have spread promotions and discounts across November in a bid to beat competitors the Black Friday shopping spike is waning. That said, it will still be a big day for retailers both online and offline with a survey by Nielsen showing a 50 per cent intention to shop in a poll of 1,000. Thirty per cent will be shopping today.
UK economy set to grow 2.4 per cent in 2016
The finances of the UK were laid out Wednesday as finance minister George Osbourne gave his Autumn Statement alongside a 5-year spending plan. He said the UK’s economy is expected to grow 2.4 per cent in 2015-16 and 2016-17, rising to 2.5 per cent in 2017-18. Osbourne announced a raft of policy measures including welfare spending cuts and infrastructure project spending.
With the US markets closed for Thanksgiving and no major data releases the markets have been weighing Europe’s next move so far Thursday.
Analysts are considering reports that the European Central Bank may opt for some lesser-seen stimulus measures when it meets next week. This could include a two-tier deposit rate according to Reuters. There is also high anticipation of US interest rates being increased slowly from next month.
Asian indexes have closed mixed with no remarkable moves while European indexes are trading higher so far.
Toronto is expected to open slightly higher following the flat finish in the previous session.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 17,813.39 (+0.01 per cent) | +0.94 per cent | -0.01 per cent |
| TSX Composite | 13,403.42 (-0.03 per cent) | -2.81 per cent | -10.87 per cent |
| Europe (at 5.00am ET) |
|||
| UK FTSE | 6,362.36 (+0.39 per cent) | -0.85 per cent | - 5.45 per cent |
| German DAX | 11,288.12 (+1.06 per cent) | +4.51 per cent | +13.84 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,759.43 (-0.59 per cent) | +4.74 per cent | +38.06 per cent |
| Japan Nikkei | 19,944.41 (+0.49 per cent) | +5.26 per cent | +14.73 per cent |
| Other Data (at 5.15am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 45.77 (-0.87 per cent) |
42.93 (-0.26 per cent) |
1072.40 (-0.13 per cent) |
U$0.7512 |
| Aus. Dollar |
|||
| U$0.7219 | |||
Wall Street banks under fire again!
A lawsuit was filed Wednesday against some of the largest Wall Street banks alleging a conspiracy to prevent competition in the interest rate swapping market. Ten banks have been named in the class action suit brought by The Public School Teachers' Pension and Retirement Fund of Chicago.
Has Black Friday lost its edge?
Black Friday may have lost some of its sparkle according to industry experts. A report from Telsey Advisory Group says that as retailers have spread promotions and discounts across November in a bid to beat competitors the Black Friday shopping spike is waning. That said, it will still be a big day for retailers both online and offline with a survey by Nielsen showing a 50 per cent intention to shop in a poll of 1,000. Thirty per cent will be shopping today.
UK economy set to grow 2.4 per cent in 2016
The finances of the UK were laid out Wednesday as finance minister George Osbourne gave his Autumn Statement alongside a 5-year spending plan. He said the UK’s economy is expected to grow 2.4 per cent in 2015-16 and 2016-17, rising to 2.5 per cent in 2017-18. Osbourne announced a raft of policy measures including welfare spending cuts and infrastructure project spending.
