World markets higher following Fed, oil prices higher... Central banks have to get it right says Carney...
World markets higher following Fed, oil prices higher
Global stock markets have advanced so far Friday following a strong lead from Wall Street and minutes of the Fed’s recent policy meeting in which it highlighted concern over inflation targets and said that it would be 2018 before the 2 per cent target would be reached.
Oil prices continue to rise with the benchmark Brent Crude gaining 2 per cent so far and West Texas Intermediate up 1 per cent to break the $50 barrier.
Asian markets closed with gains on the Fed’s dovish tone and a weakened US dollar which has given emerging markets a boost.
European markets are higher too although UK investors will be weighing comments made by Mark Carney, former Bank of Canada governor now at the Bank of England. Mr Carney said that UK interest rate rises will not necessarily wait for the Fed.
Wall Street and the TSX are expected to open flat or slightly higher. The loonie is above 77 cents as the greenback slips.
Central banks have to get it right says Carney
The world’s central banks have little wrong for errors a meeting of the IMF was told Thursday. In those economies that are heavily leveraged and dependent on commodities “It’s not the kind of economy where you can make a mistake” said the Bank of England’s Mark Carney. Reuters reports that the meeting was told by IMF director Christine Lagarde that Japan, the US and Europe must wait for stronger signs of growth before hiking interest rates. On the slowing Chinese economy Lagarde was optimistic that it could be managed.
Global stock markets have advanced so far Friday following a strong lead from Wall Street and minutes of the Fed’s recent policy meeting in which it highlighted concern over inflation targets and said that it would be 2018 before the 2 per cent target would be reached.
Oil prices continue to rise with the benchmark Brent Crude gaining 2 per cent so far and West Texas Intermediate up 1 per cent to break the $50 barrier.
Asian markets closed with gains on the Fed’s dovish tone and a weakened US dollar which has given emerging markets a boost.
European markets are higher too although UK investors will be weighing comments made by Mark Carney, former Bank of Canada governor now at the Bank of England. Mr Carney said that UK interest rate rises will not necessarily wait for the Fed.
Wall Street and the TSX are expected to open flat or slightly higher. The loonie is above 77 cents as the greenback slips.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 17,050.75 (+0.82 per cent) | +4.90 per cent | +2.35 per cent |
| TSX Composite | 13,978.66 (+0.80 per cent) | +3.30 per cent | -3.33 per cent |
| Europe (at 6.10am ET) |
|||
| UK FTSE | 6,419.71 (+ 0.70 per cent) | +3.06 per cent | - 0.19 per cent |
| German DAX | 10,098.48 (+1.05 per cent) | -1.99 per cent | +12.14 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,340.12 (+1.32 per cent) | -1.74 per cent | +34.58 per cent |
| Japan Nikkei | 18,438.67 (+1.64 per cent) | -1.77 per cent | +19.12 per cent |
| Other Data (at 6.10am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 53.64 (+1.11 per cent) |
50.42 (+2.00 per cent) |
1154.50 (+0.89 per cent) |
U$0.7729 |
| Aus. Dollar |
|||
| U$0.7323 | |||
Central banks have to get it right says Carney
The world’s central banks have little wrong for errors a meeting of the IMF was told Thursday. In those economies that are heavily leveraged and dependent on commodities “It’s not the kind of economy where you can make a mistake” said the Bank of England’s Mark Carney. Reuters reports that the meeting was told by IMF director Christine Lagarde that Japan, the US and Europe must wait for stronger signs of growth before hiking interest rates. On the slowing Chinese economy Lagarde was optimistic that it could be managed.
