Morning Briefing: Markets mainly positive after BoJ

Markets mainly positive after BoJ

The Bank of Japan said it was sticking with its current monetary policy Friday following a 2-day meeting at the central bank.

Markets are generally positive with Asian indexes closing with narrow gains, except Shanghai.

In Europe, markets are trending higher amid regional corporate news and an as-expected hold steady for Eurozone inflation while core inflation edged higher. Politics remains in focus for the region with the fragile UK government due to begin Brexit negotiations with the EU next week.

Oil and gold prices edged higher overnight but remain subdued.

Wall Street and Toronto are expected to open higher. Canadian international securities data and US housing measures are due.
 

	Latest	1 month ago	1 year ago
North America (previous session)
US Dow Jones	21,359.90 (-0.07 per cent)	+1.81 per cent	+20.45 per cent
TSX Composite	15,160.42 (-0.06 per cent)	-2.46 per cent	+9.21 per cent
Europe (at 5.00am ET)
UK FTSE	7,472.36 (+0.71 per cent)	-0.66 per cent	+25.58 per cent
German DAX	12,745.19 (+0.42 per cent)	-0.46 per cent	+33.45 per cent
Asia (at close)
China CSI 300	3,518.76 (-0.28 per cent)	+2.63 per cent	+13.70 per cent
Japan Nikkei	19,943.26 (+0.56 per cent)	+0.12 per cent	+29.22 per cent
Other Data (at 5.00am ET)
Oil (Brent)	Oil (WTI)	Gold	Can. Dollar
47.29 (+0.79 per cent)	44.69 (+0.52 per cent)	1257.40 (+0.22 per cent)	U$0.7536
			Aus. Dollar
			U$0.7607

Europe is reportedly going to hit Google with record fine

Google could be hit with a U$1.1 billion fine by the EU as officials prepare to give their decision on three antitrust cases.

Allegations against Google by the European Commission are that it abused its dominance in the search space in order to build its Google Shopping service and other services.

If officials conclude that Google has used an unfair advantage to grow its services outside of its core search engine, it could limit the company’s ability to grow some areas of its business in the EU.

The Financial Times says the combined fines could hit a new record, exceeding that levied on Intel in 2009.