Markets mixed ahead of Fed... Markets mixed ahead of Fed...
Markets mixed ahead of Fed
The Fed will announce its latest interest rate decision tomorrow which should give direction to the greenback and to world markets. Both are currently in a holding pattern.
Oil prices have gained overnight following Saudi Arabia’s pledge to make deeper cuts next month.
Also in focus is a US Senate vote on whether the healthcare reform bill will be opened for debate or amendment. The markets are skeptical as to President Trump’s ability to reform key areas such as health and tax.
Asia’s major indexes closed mixed with Sydney and Hong Kong gaining while Shanghai and Tokyo were among the losers.
European markets are trending higher amid corporate earnings and a German business sentiment index which jumped this month.
Wall Street and Toronto are expected to open flat. US home price and confidence indexes are due.
Why shoes are the talk of the markets this morning
Among the talk of the markets Tuesday is a billion-dollar deal in the luxury footwear market.
Luxury British manufacturer Jimmy Choo, a favourite of celebrities including the late Princess Diana, is being snapped up by a US retailer in a deal worth $1.2 billion.
The firm will be acquired by Michael Kors following the decision of the shoemaker’s majority shareholder to focus on other business lines. Jimmy Shoo put itself up for sale in April.
"Jimmy Choo is an iconic premier luxury brand that offers distinctive footwear, handbags and other accessories," said Michael Kors, honorary chairman and chief creative officer told Reuters.
The Fed will announce its latest interest rate decision tomorrow which should give direction to the greenback and to world markets. Both are currently in a holding pattern.
Oil prices have gained overnight following Saudi Arabia’s pledge to make deeper cuts next month.
Also in focus is a US Senate vote on whether the healthcare reform bill will be opened for debate or amendment. The markets are skeptical as to President Trump’s ability to reform key areas such as health and tax.
Asia’s major indexes closed mixed with Sydney and Hong Kong gaining while Shanghai and Tokyo were among the losers.
European markets are trending higher amid corporate earnings and a German business sentiment index which jumped this month.
Wall Street and Toronto are expected to open flat. US home price and confidence indexes are 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 |
21,513.17 (-0.31%) |
+0.55% |
+16.33% |
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TSX Composite |
15,128.69 (-0.36%) |
-1.25% |
+4.35% |
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Europe (at 5.00am ET) |
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UK FTSE |
7,432.91 (+0.75%) |
+0.12% |
+10.77% |
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German DAX |
12,265.32 (+0.46%) |
-3.68% |
+20.27% |
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Asia (at close) |
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China CSI 300 |
3,719.56 (-0.64%) |
+2.67% |
+15.13% |
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Japan Nikkei |
19,955.20 (-0.10%) |
-0.88% |
+20.07% |
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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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$49.14 (+1.09%) |
46.83 (+1.06%) |
1252.00 (+0.18%) |
U$0.7989 |
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Aus. Dollar |
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U$0.7927 |
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Why shoes are the talk of the markets this morning
Among the talk of the markets Tuesday is a billion-dollar deal in the luxury footwear market.
Luxury British manufacturer Jimmy Choo, a favourite of celebrities including the late Princess Diana, is being snapped up by a US retailer in a deal worth $1.2 billion.
The firm will be acquired by Michael Kors following the decision of the shoemaker’s majority shareholder to focus on other business lines. Jimmy Shoo put itself up for sale in April.
"Jimmy Choo is an iconic premier luxury brand that offers distinctive footwear, handbags and other accessories," said Michael Kors, honorary chairman and chief creative officer told Reuters.
