Morning Briefing: Markets gain following US data, G20

Markets gain following US data, G20... Wells Fargo could be about to settle fake accounts case for U$142m...

Morning Briefing: Markets gain following US data, G20
Steve Randall
Markets gain following US data, G20
World markets are generally higher Monday following Friday’s jump in US jobs data and the G20 meeting.
 
Meanwhile, commodities remain subdued with oil and gold prices both trending lower so far.
Asian indexes closed mostly higher although Shanghai was weaker following softer inflation data. Both consumer and producer price indexes were in line with analysts’ expectations though.
 
European markets are trending higher following US jobs data and ahead of a meeting of Eurozone finance ministers Monday. An unexpected jump in German trade has boosted markets. Both imports and exports were around 1 percentage point higher than expected. The UK and Australian prime ministers meet later.
 
Wall Street and Toronto are expected to open flat.
 

 

Latest

1 month ago

1 year ago

 

North America (previous session)

 

US Dow Jones

21,414.34 (+0.44 per cent)

+0.67 per cent

+18.01 per cent

TSX Composite

15,027.16 (-0.34 per cent)

-2.88 per cent

+5.38 per cent

 

Europe (at 5.00am ET)

 

UK FTSE

7,367.64 (+0.23 per cent)

-2.12 per cent

+11.79 per cent

German DAX

12,441.70 (+0.43 per cent)

-2.92 per cent

+29.20 per cent

 

Asia (at close)

 

China CSI 300

3,653.69 (-0.06 per cent)

+2.17 per cent

+14.45 per cent

Japan Nikkei

20,080.98 (+0.76 per cent)

+0.34 per cent

+32.93 per cent

 

Other Data (at 5.00am ET)

 

Oil (Brent)

Oil (WTI)

Gold

Can. Dollar

46.32

(-0.83 per cent)

43.85

(-0.86 per cent)

1206.80

(-0.24 per cent)

U$0.7738

 

Aus. Dollar

U$0.7590
 
Wells Fargo could be about to settle fake accounts case for U$142m
The case of employees of Wells Fargo opening fake accounts in customers’ names could be about to reach a settlement.
 
The US bank has been granted a preliminary approval for U$142 million to be paid to those customers involved in a lawsuit. It could end up paying more though as although the bank said there were as many as 2.1 million fake accounts, lawyers for the class action claimants say the figure is 3.5 million.
 
Lawsuits and regulatory probes are expected to continue into the matter whatever the outcome of this lawsuit.
 

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