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 stocks rise ahead of European Central Bank decision

    Economic CTV News
    SEOUL, Korea, Republic Of - Asian shares rose on Thursday after an overnight surge on U.S. markets. Investors were focused on the European Central Bank's meeting later in the day. KEEPING SCORE: Japan's Nikkei 225 rose 0.9 per cent to 18,654.93 while South Korea's Kospi jumped 1.3 per cent to 2,016.99. Source
  • Economists meet with Alberta officials, say worst appears to be over

    Economic CTV News
    EDMONTON - Alberta Finance Minister Joe Ceci met with key economists to look ahead to 2017, with the consensus being the worst is over for the provincial economy. But Avery Shenfeld, chief economist of CIBC, says how much things will improve is still up in the air and tied to the price of oil. Source
  • Dow Jones, S&P 500 rallies to record highs; TSX racks up 100 points

    Economic CTV News
    TORONTO -- Major North American stock markets pushed higher, with the Dow Jones and S&P 500 hitting record levels, as anticipation builds over the corporate policies of U.S. president-elect Donald Trump. In New York, the Dow Jones industrial average surged 297.84 points at 19,549.62, while the S&P 500 added 29.12 points at 2,241.35. Source
  • Bovine TB: More cattle quarantined, but officials 'optimistic' worst is over

    Economic CTV News
    OTTAWA - The quarantine of cattle in a western Canada bovine tuberculosis outbreak continues to grow, even as no new confirmed cases of the disease have been found. Officials say, however, they are cautiously optimistic that the number of animals quarantined may have peaked. Source
  • Commercial real estate sales hit quarterly record as investors hunt yields

    Economic CTV News
    CALGARY - Real estate firm CBRE says Canada hit a record level for commercial real estate sales in the third quarter and is on track to beat an annual record set during the 2007 boom. Source
  • Moose Knuckles reaches deal with Competition Bureau over 'Made in Canada' claims

    Economic CTV News
    OTTAWA -- Winter jacket maker Moose Knuckles has reached a deal with the Competition Bureau regarding concerns over its advertising and labelling of certain parkas that are promoted as made-in-Canada. Under the agreement, reached through mediation, the company has agreed to donate $750,000 over five years to charities in Canada, such as those that provide winter coats to children in need. Source
  • Starbucks to boost number of shops, add more food to menu

    Economic CTV News
    NEW YORK -- Starbucks, looking to the future as its longtime CEO moves to other projects, plans to open 12,000 new locations within five years to boost its number of coffee shops worldwide by almost 50 per cent. Source
  • TransCanada to proceed with $655-million northern Alberta natural gas pipeline

    Economic CTV News
    CALGARY -- TransCanada Corp. says it's moving ahead with a $655-million expansion of its Nova Gas Transmission Ltd. system in northwestern Alberta. The company (TSX:TRP) says the Saddle West Expansion Project will add 29 kilometres of pipeline capacity to existing routes, as well as five compressor units, that together will increase the capacity of the system by about 355 million cubic feet per day. Source
  • N.B. to phase out coal, put price on carbon in new climate plan

    Economic CTV News
    FREDERICTON -- The New Brunswick government will phase out coal as an electricity source under a new climate change plan that also puts a price on carbon. Premier Brian Gallant said Wednesday that climate change is the most important issue to face humankind in modern times and New Brunswick must do its part to combat it. Source
  • Starbucks planning to add 12,000 new outlets around the world

    Economic CBC News
    Starbucks plans to add 12,000 new locations over the next five years. (David Horemans/CBC News) Starbucks plans to open 12,000 new locations within five years, boosting the total number of its coffee shops worldwide by almost 50 per cent. Source