Oil, earnings in focus... Banks will not return to pre-crisis conditions says analyst...
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| Latest | 1 month ago | 1 year ago | |
North America (previous session) |
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| US Dow Jones | 21,553.09 (+0.10%) | +0.84% | +16.46% |
| TSX Composite | 15,135.00 (-0.06%) | -0.23 % | +4.27% |
Europe (at 5.00am ET) |
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| UK FTSE | 7,387.82 (-0.35%) | -1.16% | +11.02% |
| German DAX | 12,627.97 (-0.11%) | -1.39% | +25.42% |
Asia (at close) |
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| China CSI 300 | 3,703.09 (+0.44%) | +4.75% | +13.01% |
| Japan Nikkei | 20,118.86 (+0.09%) | +1.18% | +22.78% |
Other Data (at 5.00am ET) |
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| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 48.71 (+0.60%) |
46.35 (+0.59%) |
1219.40 (+0.09%) |
U$0.7853 |
Aus. Dollar |
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| U$0.7759 | |||
Oil, earnings in focus
Markets are mixed so far Friday with Asian bourses closing higher but European indexes flat.
The confidence of Asian markets was boosted by a steadying of oil prices and comments made by Fed chair Janet Yellen. Regional earnings are awaited, with anticipation of some positive results. Sydney’s ASX was one of the best performers.
European markets by contrast are lacking confidence with most major indexes flat so far. In focus for the region is the meeting of presidents Trump and Macron and earnings reports from US banks.
Wall Street and Toronto are expected to open slightly lower. US inflation data is due.
Banks will not return to pre-crisis conditions says analyst
Despite the expected softening or banking regulations in the US, one senior analyst said Friday that it will not mean a return to pre-crisis risks.
Chris Wheeler of Atlantic Equities said that things will be better for the banks with lower reporting requirements.
“The banks are going to be able to hold bigger inventories and that's actually good for the market - which is part of the whole story here about obviously getting the banks to service the broader economy," he told CNBC’s Squawk Box.
JPMorgan Chase, Wells Fargo and CitiGroup will report their earnings Friday.
