A look at Friday morning’s market action
Global markets regained steadier footing, with Asian and European shares taking their cue from a Wall Street bounce back yesterday after U.S. jobs data eased recession concerns. Major indexes have regained much of the ground lost in the global selloff earlier in the week. TSX futures also pointed higher, ahead of July employment figures this morning that could offer clues for the next Bank of Canada interest rate decision.
“The prospect of better-than-feared U.S. growth and a weaker yen constrain the fundamental and technical risks that inspired the extreme volatility experienced at the start of the week,” said Kyle Rodda, a senior financial market analyst at Capital.com. “It’s unlikely that the markets have turned the corner yet.”
In Asia, Japan’s Nikkei closed 0.56 per cent higher, while Hong Kong’s Hang Seng advanced 1.17 per cent.Oil prices edged higher, heading for a weekly gain of more than 3 per cent as U.S. jobs data calmed demand concerns and fears of a widening Middle East conflict persisted.
Dow Jones Tsx S&D Equities Futures Oil Gold Silver Bonds Canadian Dollar Loonie Newnewsletter
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Before the Bell: What every Canadian investor needs to know todayA look at Thursday morning’s market action
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Wednesday morning’s market action
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Tuesday morning’s market action
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Friday morning’s market action
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Thursday morning’s market action
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Wednesday morning’s market action
Read more »