Global shares mostly higher after reversing Wall Street losses

TOKYO - Global shares were mostly higher Thursday after an overnight reversal of losses on Wall Street except for indexes in China, where economic growth worries lurked.

See Full Article

KEEPING SCORE: France's CAC 40 added 1.6 per cent to 4,222.41 in early trading, while Germany's DAX rose 0.7 per cent to 9,233.25. Britain's FTSE 100 gained 1.6 per cent to 5,959.28. But U.S. shares were set to drift lower with Dow futures inching down 0.4 per cent to 16,411. S&P 500 futures were also down 0.4 per cent at 1,922.70.

ASIA'S DAY: The Shanghai Composite index fell 6.4 per cent to 2,741.25, while the Hang Seng index in Hong Kong dipped 1.6 per cent to 18,888.75. Japan's Nikkei 225 stock index gained 1.4 per cent to finish at 16,140.34 and South Korea's Kospi gained 0.3 per cent to 1,918.57. Australia's S&P/ASX 200 inched up 0.1 per cent to 4,881.20. Shares rose in Taiwan, Indonesia and New Zealand.

ANALYST VIEWPOINT: "Despite the tenuous theoretical link between supply side-driven lower oil prices and weakening share markets, they again moved in lock step overnight," said Michael McCarthy of CMC Markets. "Oil reversed a 4 per cent drop to move 1 per cent higher, and stocks followed."

OIL BOUNCE: U.S. crude oil slipped 2 cents to $32.13 a barrel in electronic trading on the New York Mercantile Exchange. It closed up 28 cents at $32.15 a barrel on Wednesday. Brent crude oil, which is used to price oil internationally, fell 75 cents to $33.66.

CURRENCIES: The dollar rose to 112.28 yen from 112.08 yen in the previous day's trading. The euro inched up to $1.1023 from $1.1011.



Advertisements

Latest Economic News

  • Courier ordered to pay damages after stallion sperm shipment loses its potency

    Economic CTV News
    HALIFAX - A multinational courier has been ordered to pay damages for taking two days to deliver stallion sperm after a Halifax adjudicator found customers were justified in expecting overnight service. Augustus Richardson ruled in the small claims court of Nova Scotia earlier this month that FedEx should pay the claimant $740.36 because claimant Chelsea McKendrick had understood "Priority overnight" delivery meant the sperm would arrive within 24 hours after it was sent. Source
  • Labatt Breweries of Canada plans $460M investment for competitive edge

    Economic CTV News
    TORONTO -- Labatt Breweries of Canada says it is investing $460 million between 2017 and 2020 to enhance its operations and help boost growth. The maker of popular brands such as Labatt Blue, Budweiser and Alexander Keith's says the figure includes $62.2 million towards brewery operations this year. Source
  • Do Canadian cities have a shot at Amazon's HQ2? And should they want one?

    Economic CBC News
    It seems like a can't miss opportunity. Tens of thousands of jobs, billions of dollars in investment and bragging rights as the second home for one of the world's richest companies. Amazon's announcement that it's searching for a second North American home caused mayors and municipal leaders across the continent to jump at the chance to play host. Source
  • Preliminary report from utilities commision on Site C dam to be released

    Economic CTV News
    VANCOUVER - The British Columbia Utilities Commission is expected to release a preliminary report today on its review of the $8.8-billion Site C dam in the province's northeast. BC Hydro says it has already spent $1.8 billion on construction for the hydroelectric dam planned for the Peace River, but Premier John Horgan's NDP government asked the commission to review the economic viability of the project after taking office. Source
  • Preliminary report from utilities commission on Site C dam to be released

    Economic CTV News
    VANCOUVER - The British Columbia Utilities Commission is expected to release a preliminary report today on its review of the $8.8-billion Site C dam in the province's northeast. BC Hydro says it has already spent $1.8 billion on construction for the hydroelectric dam planned for the Peace River, but Premier John Horgan's NDP government asked the commission to review the economic viability of the project after taking office. Source
  • Asian stocks flat as investors await Federal Reserve meeting

    Economic CTV News
    SEOUL, Korea, Republic Of - Asian stock markets were little changed on Wednesday as investors took to the sidelines ahead of the Federal Reserve's announcement of the result of its meeting. KEEPING SCORE: Japan's Nikkei 225 was flat at 20,298.80 and South Korea's Kospi edged down 0.1 per cent to 2,413.63. Source
  • Tips for Canadians caught in Equifax's security hack

    Economic CTV News
    If you learn that you’re among the estimated 100,000 Canadians whose personal information – including addresses, social insurance numbers and credit card details – may have been compromised in the massive Equifax hack, cybersecurity expert Brian O’Higgins has some advice. Source
  • Court certifies class-action suit involving 450 foreign workers who got no jobs

    Economic CTV News
    VANCOUVER -- The Supreme Court of British Columbia has certified a class-action lawsuit against Mac's Convenience Stores and three immigration consultants alleged to have collected thousands of dollars from foreign workers who were promised jobs that didn't exist. Source
  • Bombardier workers to stage rally in Toronto over Boeing dispute, will walk out

    Economic CTV News
    TORONTO - The union representing Bombardier's production workers says employees at the company's aerospace plant in Toronto will walk out Wednesday -- a move meant to pressure Boeing to drop a trade complaint against Bombardier. Source
  • Ontario premier says 'supports' will ease transition to $15 minimum wage

    Economic CTV News
    WALTON, Ont. -- Ontario farmers and small businesses will receive support from the government as the province moves ahead with its plan to raise the minimum wage to $15 an hour, Premier Kathleen Wynne said Tuesday. Source