Markets gain as metals strengthen... HSBC posts stronger-than-expected results...
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Markets gain as metals strengthen
Higher prices for natural resources are helping to boost markets Monday amid a backdrop of rising geopolitical tension and mixed data.
Gold is hovering around a 7-week high and copper, silver and platinum are all trending higher. Oil prices also remain buoyant.
Meanwhile, tension between the US and Russia, and the ongoing issues with North Korea are being watched closely by the markets.
Asian indexes closed mostly higher despite slightly weaker-than-expected PMI data from China. Tokyo closed lower as manufacturing output data fell short and the yen strengthened.
European markets are trending higher amid stronger data for unemployment and CPI estimates.
Wall Street and Toronto are expected to open higher. Canada’s raw materials price index is due.
HSBC posts stronger-than-expected results
Global banking giant HSBC has beaten expectations with its latest financial results.
Pre-tax profits saw a 5% rise in the first 6 months of 2017 to $10.2 billion and the bank announced a buyback of $2 billion shares by the end of 2017.
"In the past 12 months, we have paid more in dividends than any other European or American bank and returned $3.5bn to shareholders through share buybacks," HSBC's chief executive Stuart Gulliver told the BBC.
It means the London-based bank will have returned $5.5 billion to its shareholders since mid-2016.
Higher prices for natural resources are helping to boost markets Monday amid a backdrop of rising geopolitical tension and mixed data.
Gold is hovering around a 7-week high and copper, silver and platinum are all trending higher. Oil prices also remain buoyant.
Meanwhile, tension between the US and Russia, and the ongoing issues with North Korea are being watched closely by the markets.
Asian indexes closed mostly higher despite slightly weaker-than-expected PMI data from China. Tokyo closed lower as manufacturing output data fell short and the yen strengthened.
European markets are trending higher amid stronger data for unemployment and CPI estimates.
Wall Street and Toronto are expected to open higher. Canada’s raw materials price index is due.
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Latest |
1 month ago |
1 year ago |
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North America (previous session) |
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US Dow Jones |
21,830.31 (+0.15%) |
+2.25% |
+18.44% |
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TSX Composite |
15,128.65 (-0.41%) |
-0.35 % |
+3.74% |
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Europe (at 5.00am ET) |
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UK FTSE |
7,410.91 (+0.58%) |
+1.34% |
+10.21% |
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German DAX |
12,186.54 (+0.20%) |
-1.12% |
+17.89% |
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Asia (at close) |
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China CSI 300 |
3,737.87 (+0.43%) |
+1.94% |
+16.67% |
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Japan Nikkei |
19,925.18 (-0.17%) |
-0.54% |
+20.25% |
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Other Data (at 5.00am ET) |
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Oil (Brent) |
Oil (WTI) |
Gold |
Can. Dollar |
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52.64 (+0.23%) |
49.75 (+0.08%) |
1273.00 (-0.18%) |
U$0.8019 |
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Aus. Dollar |
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U$0.7973 |
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HSBC posts stronger-than-expected results
Global banking giant HSBC has beaten expectations with its latest financial results.
Pre-tax profits saw a 5% rise in the first 6 months of 2017 to $10.2 billion and the bank announced a buyback of $2 billion shares by the end of 2017.
"In the past 12 months, we have paid more in dividends than any other European or American bank and returned $3.5bn to shareholders through share buybacks," HSBC's chief executive Stuart Gulliver told the BBC.
It means the London-based bank will have returned $5.5 billion to its shareholders since mid-2016.
