Fed fear – markets focus on interest rates... Report calls for sharp rise in drones industry...
Fed fear – markets focus on interest rates
The Fed is the talk of the markets Monday as traders consider whether the central bank will increase interest rates this month or hold off until after the Presidential election.
Asian indexes have picked up the baton from weaker North American markets in the last session, with all of the major markets sharply lower; Hong Kong closed more than 3 per cent lower with Sydney and Seoul both more than 2 per cent down.
European indexes are also lower with the Fed and the ECB’s lack of action weighing. Frankfurt and Paris are both down more than 2 per cent.
Commodities are under pressure, especially those priced in US dollars, on expectation of a continued rise in the greenback resulting from a Fed rate rise.
Wall Street and Toronto are expected to open lower.
Report calls for sharp rise in drones industry
Demand for unmanned aircraft, or drones, is expected to surge but a new report is not focusing on commercial use.
IHS Janes forecasts that use of drones for military purposes will jump amid geopolitical tension with the market rising from $6 billion in 2016 to more than $11 billion by 2025.
Among the markets seeing the drones industry fly are the US, Israel, China and India.
The Fed is the talk of the markets Monday as traders consider whether the central bank will increase interest rates this month or hold off until after the Presidential election.
Asian indexes have picked up the baton from weaker North American markets in the last session, with all of the major markets sharply lower; Hong Kong closed more than 3 per cent lower with Sydney and Seoul both more than 2 per cent down.
European indexes are also lower with the Fed and the ECB’s lack of action weighing. Frankfurt and Paris are both down more than 2 per cent.
Commodities are under pressure, especially those priced in US dollars, on expectation of a continued rise in the greenback resulting from a Fed rate rise.
Wall Street and Toronto are expected to open lower.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,085.45 (-2.13 per cent) | -2.64 per cent | +10.06 per cent |
| TSX Composite | 14,540.00 (-1.78 per cent) | -1.41 per cent | +8.01 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,667.28 (-1.62 per cent) | -3.60 per cent | +8.98 per cent |
| German DAX | 10,362.55 (-1.99 per cent) | -3.28 per cent | +2.36 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,262.60 (-1.67 per cent) | -0.96 per cent | -2.53 per cent |
| Japan Nikkei | 16,672.92 (-1.73 per cent) | -1.46 per cent | -8.71 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 47.26 (-1.56 per cent) |
45.04 (-1.83 per cent) |
1332.50 (-0.15 per cent) |
U$0.7632 |
| Aus. Dollar |
|||
| U$0.7513 | |||
Report calls for sharp rise in drones industry
Demand for unmanned aircraft, or drones, is expected to surge but a new report is not focusing on commercial use.
IHS Janes forecasts that use of drones for military purposes will jump amid geopolitical tension with the market rising from $6 billion in 2016 to more than $11 billion by 2025.
Among the markets seeing the drones industry fly are the US, Israel, China and India.
