Markets focus on Brexit, Trump... 8 billionaires worth more than half the world...
Markets focus on Brexit, Trump
The focus for world markets Monday is on two world leaders: Donald Trump whose inauguration takes place Friday; and British Prime Minister Theresa May, who will set out her government’s plan for Brexit Tuesday.
Markets are cautious ahead of both events and with Wall Street closed for Martin Luther King Day, there is likely to be lower trading volumes.
In Asia, markets closed generally lower as the British pound fell 1 per cent ahead of the Brexit speech, rattling investors.
Other influences in the region included an arrest warrant issued for Samsung chief Jay Y. Lee in relation to the South Korean president’s influence scandal. Sydney was the outlier in Europe with the ASX climbing as the materials sector gained.
European bourses are trending mixed with Germany and France among the losers while London is gaining as equities outperform the pound.
The World Economic Forum begins in Davos, Switzerland.
Wall Street is closed but the TSX is expected to open higher. Canadian existing home sales data is due.
8 billionaires worth more than half the world
A report from Oxfam International says that eight men now control as much wealth as 3.6 billion of the world’s poorest.
Bill Gates, Warren Buffett, Carlos Slim, Jeff Bezos, Mark Zuckerberg, Amancio Ortega, Larry Ellison and Michael Bloomberg control $426 billion while overall the richest 1 per cent control more wealth than the rest of the world.
The charity says that the gap between the super-rich and the rest of us has widened and such inequality is “trapping millions in poverty, fracturing our societies, and poisoning our politics.”
The focus for world markets Monday is on two world leaders: Donald Trump whose inauguration takes place Friday; and British Prime Minister Theresa May, who will set out her government’s plan for Brexit Tuesday.
Markets are cautious ahead of both events and with Wall Street closed for Martin Luther King Day, there is likely to be lower trading volumes.
In Asia, markets closed generally lower as the British pound fell 1 per cent ahead of the Brexit speech, rattling investors.
Other influences in the region included an arrest warrant issued for Samsung chief Jay Y. Lee in relation to the South Korean president’s influence scandal. Sydney was the outlier in Europe with the ASX climbing as the materials sector gained.
European bourses are trending mixed with Germany and France among the losers while London is gaining as equities outperform the pound.
The World Economic Forum begins in Davos, Switzerland.
Wall Street is closed but the TSX is expected to open higher. Canadian existing home sales data is due.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 19,885.73 (-0.03 per cent) | +0.21 per cent | +24.38 per cent |
| TSX Composite | 15,497.28 (+0.51 per cent) | +1.61 per cent | +28.36 per cent |
| Europe (at 5.00am ET) |
|||
| UK FTSE | 7,338.05 (+0.00 per cent) | +4.66 per cent | +26.43 per cent |
| German DAX | 11,564.97 (-0.55 per cent) | +1.41 per cent | +21.16 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,319.45 (-0.01 per cent) | -0.79 per cent | +6.44 per cent |
| Japan Nikkei | 19,095.24 (-1.00 per cent) | -1.58 per cent | +11.36 per cent |
| Other Data (at 5.00am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 55.71 (+0.47 per cent) |
52.69 (+0.61 per cent) |
1201.80 (+0.47 per cent) |
U$0.7621 |
| Aus. Dollar |
|||
| U$0.7498 | |||
8 billionaires worth more than half the world
A report from Oxfam International says that eight men now control as much wealth as 3.6 billion of the world’s poorest.
Bill Gates, Warren Buffett, Carlos Slim, Jeff Bezos, Mark Zuckerberg, Amancio Ortega, Larry Ellison and Michael Bloomberg control $426 billion while overall the richest 1 per cent control more wealth than the rest of the world.
The charity says that the gap between the super-rich and the rest of us has widened and such inequality is “trapping millions in poverty, fracturing our societies, and poisoning our politics.”
