World stocks mixed on regional issues... Senate passes budget deal... China wants to double its economy by 2020...
World stocks mixed on regional issues
Asian and European markets have been mixed so far Friday as a number of regional issues dominate the markets.
The Bank of Japan voted to hold steady on its economic policies rather than introduce further stimulus. Investors in Tokyo reacted positively and the main index closed up three quarters of a percentage point to reach a 2 month high. Elsewhere in the region sentiment was lower and most of the major markets closed with losses.
In Europe there has been mixed reaction to data and corporate earnings. Eurozone inflation was flat in October according to a flash estimate from Eurostat, the official statistics body for the bloc. Unemployment was also very slightly lower. Mixed earnings results though have subdued the market and most of the major indexes are lower so far.
Wall Street and Toronto are expected to open higher after losses in the previous session.
Senate passes budget deal
The US Senate has agreed to a budget deal which increases federal spending limits over the next two years. The bill has already been passed by the White House and will now be signed off by the President. The $80 billion increase in spending was passed by a 64-35 majority in the early hours of Friday morning.
China wants to double its economy by 2020
It may seem ambitious given the recent run of poor data but China has set out its aim to double its economy by 2020. In an official summary of its new 5-year plan Beijing said that it will focus on development but stopped short of setting actual targets. CNN says that analysts calculate that China would need to grow by 6.5 per cent in the next five years which would be slightly lower than the 7 per cent so far for 2015.
Asian and European markets have been mixed so far Friday as a number of regional issues dominate the markets.
The Bank of Japan voted to hold steady on its economic policies rather than introduce further stimulus. Investors in Tokyo reacted positively and the main index closed up three quarters of a percentage point to reach a 2 month high. Elsewhere in the region sentiment was lower and most of the major markets closed with losses.
In Europe there has been mixed reaction to data and corporate earnings. Eurozone inflation was flat in October according to a flash estimate from Eurostat, the official statistics body for the bloc. Unemployment was also very slightly lower. Mixed earnings results though have subdued the market and most of the major indexes are lower so far.
Wall Street and Toronto are expected to open higher after losses in the previous session.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 17,755.80 (-0.13 per cent) | +9.03 per cent | +3.26 per cent |
| TSX Composite | 13,791.88 (-0.51 per cent) | +3.64 per cent | -4.61 per cent |
| Europe (at 6.10am ET) |
|||
| UK FTSE | 6,391.35 (-0.07 per cent) | +5.44 per cent | -1.12 per cent |
| German DAX | 10,810.96 (+0.09 per cent) | +11.91 per cent | +18.61 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,534.08 (+0.02 per cent) | +10.34 per cent | +43.14 per cent |
| Japan Nikkei | 19,083.10 (+0.78 per cent) | +9.75 per cent | +21.87 per cent |
| Other Data (at 6.15am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 48.98 (+0.37 per cent) |
45.90 (-0.35 per cent) |
1148.00 (+0.06 per cent) |
U$0.7604 |
| Aus. Dollar |
|||
| U$0.7100 | |||
Senate passes budget deal
The US Senate has agreed to a budget deal which increases federal spending limits over the next two years. The bill has already been passed by the White House and will now be signed off by the President. The $80 billion increase in spending was passed by a 64-35 majority in the early hours of Friday morning.
China wants to double its economy by 2020
It may seem ambitious given the recent run of poor data but China has set out its aim to double its economy by 2020. In an official summary of its new 5-year plan Beijing said that it will focus on development but stopped short of setting actual targets. CNN says that analysts calculate that China would need to grow by 6.5 per cent in the next five years which would be slightly lower than the 7 per cent so far for 2015.
