North American markets look visiting a greater open today, as oil prices held onto gains and weak economic data globally raised a good additional easing of monetary policies.
Crude oil prices rose around the prospects better demand from China, the global largest commodities consumer. Oil prices have influenced stock markets for several of the year as investors take oil demand just like a barometer of economic growth.Global stocks rose after disappointing eurozone PMI data and weaker-than-expected Chinese manufacturing activity bolstered the likelihood of central banks extending stimulus programs. The information will likely raise the U.S. Federal Reserve’s deliberations by itself proceed further interest rate hikes. While Fed Chair Janet Yellen has hinted at continuing while using Fed’s intend to raise rates gradually using the year, other policymakers are having a pause amid the turmoil in global markets and slowing global growth.Bank of Nova Scotia, Canada’s third-largest bank, reported a 5.1 percent rise in quarterly profit, helped by rise in its international banking business.Maple Leaf Foods reported an every 3 months profit, as opposed to a year-earlier loss, helped by improved margins in the prepared meats business.WestJet Airlines Ltd has begun talks with aircraft makers on replacements because of its number of Boeing 767-300 planes, with finding the new planes expected after this decade.Canada’s economy exceeded low expectations to build up inside an annual rate of 0.8 percent within the final A couple of months of 2015, Statistics Canada said Tuesday.Data inside the Institute for Supply Management is predicted to show U.S. manufacturing activity steadied in February, using the national manufacturing index inching around 48.5 from 48.2 in January. The report reaches 10:00 a.m.
? Thomson Reuters 2016
