Global stocks mixed after decline in oil prices

LONDON — Global stocks were closing out the year on a subdued note Thursday, while indexes in Germany, Japan and South Korea were already shut for the New Year holiday.

See Full Article

KEEPING SCORE: In Europe, France's CAC-40 shed 0.2 per cent to 4,665.91 and Britain's FTSE 100 was down 0.1 per cent at 6,265.28. Germany's main stock market, which remained closed for the holiday, on Wednesday closed 1.1 per cent lower to leave it up 9.6 per cent for the year. Wall Street was expected to edge up slightly, with the futures for the Dow Jones industrial average and the Standard & Poor's 500 up 0.1 per cent.

ASIA'S DAY: The Shanghai Composite Index retreated 0.9 per cent to 3,539.18 points while Hong Kong's Hang Seng gained 0.15 per cent to 21,914.40. Australia's S&P/ASX 200 lost 0.5 per cent to 5,295.90 and India's Sensex gained 0.1 per cent to 25,980.85. Benchmarks in New Zealand and Thailand also advanced. Singapore declined.

ANALYST'S TAKE: "On the eve of the new year, the fact is that lingering and familiar risks are not purged at the stroke of midnight," Mizuho Bank said in a report. It cited fluctuating oil prices and uncertainty about the impact of monetary policy changes in the United States, Europe and Japan. "Instead, the risk landscape is a continuum that warrants caution."

ENERGY: Benchmark U.S. crude gained 16 cents to $36.76 per barrel in electronic trading on the New York Mercantile Exchange. The contract plunged $1.27 on Wednesday to close at $36.60. Brent crude, used to price international oils, added 24 cents to $37.11 in London. It slid $1.33 in the previous session to $36.46.

CURRENCY: The dollar rose to 120.57 yen from Wednesday's 120.49, while the euro fell to $1.0930 from $1.0936.



Advertisements

Latest Economic News

  • Asian shares meander as central banks keep monetary policy steady

    Economic CTV News
    TOKYO - Asian shares were mixed Friday in muted trading after the European Central Bank announced no changes to its stimulus policies. KEEPING SCORE: Japan's benchmark Nikkei 225 slipped 0.2 per cent to 20,109.57 while Australia's S&P/ASX 200 lost 0.2 per cent to 5,750.70. Source
  • First Nation opposes proposed powerline project in New Hampshire

    Economic CTV News
    CONCORD, N.H. -- Supporters of a controversial project that would bring Canadian hydro power to markets in southern New England like to talk about how this would use much cleaner energy than the coal-fired power plants that once dominated the region. Source
  • NEB to reconsider B.C. natural gas pipeline jurisdiction: judge rules

    Economic CTV News
    VANCOUVER -- A Federal Court of Appeal judge has ruled the National Energy Board must reconsider whether a proposed TransCanada Corp. (TSX:TRP) natural gas pipeline in B.C. falls under provincial or federal jurisdiction. "The board did not ask itself whether an arguable case for federal jurisdiction had been made out," wrote judge Donald J. Source
  • U.S. says ban on laptops in airplane cabins has been lifted

    Economic CTV News
    DALLAS -- The ban on laptops in the cabins of planes flying from the Middle East to the U.S. is over, as federal officials say that large airports in the region have taken other steps to increase security. Source
  • McDonald's adds Big Mac onesie, sweats to items it delivers

    Economic CTV News
    OAK BROOK, Ill. -- With McDonald's now offering a delivery service, the fast food giant is looking to make customers comfortable eating at home with a new clothing line that includes an adult-size Big Mac onesie. Source
  • Observers temper expectations for Sears liquidation deals

    Economic CTV News
    TORONTO -- Dozens of Sears stores slated for closure begin liquidation sales Friday, but bargain hunters would be wise to temper their expectations, say industry experts. Eager to avoid bankruptcy, the one-time retail giant is counting on hordes of shoppers to scoop up discounted merchandise, fixtures and equipment as soon as possible. Source
  • Price shock: Fraser report shows Ontario hydro prices surging at twice national average

    Economic CTV News
    Ontario energy prices have skyrocketed significantly higher and faster than the rest of the country over the last nine years, with Torontonians paying twice the national average, according to a report from the right-leaning Fraser Institute. Source
  • Exxon Mobil fined $2M US for Tillerson-era breach of Russia sanctions

    Economic CBC News
    The Treasury Department hit Exxon Mobil Corp. with a $2 million fine Thursday for violating Russia sanctions while Secretary of State Rex Tillerson was the oil company's CEO. Treasury said in a statement that Exxon under Tillerson's leadership had shown "reckless disregard" for sanctions that the Obama administration imposed on Russian entities in 2014 over Russia's annexation of Crimea. Source
  • Rogers Q2 net income rises 35%, beats analyst estimate

    Economic CBC News
    Rogers Communications reported a 35 per cent increase in second-quarter net income on Thursday, beating analyst estimates with an especially strong performance from its key wireless division. It's the first financial report issued by the Toronto-based telecommunications and media company on Joe Natale's watch since he became its CEO in April. Source
  • Supreme Court won't hear appeal from former Nortel employee over benefits

    Economic CTV News
    OTTAWA -- The Supreme Court won't hear an appeal from a former Nortel employee who claimed her charter rights were violated over the issue of disability payments. The employee had argued that the 2015 agreement reached on how disability benefits would be paid out in the wake of Nortel's bankruptcy was unfair and unreasonable. Source