Markets mixed as data disappoints... IMF says global economy less about US...
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Markets mixed as data disappoints
Stock markets are weaker so far Monday as the US dollar hovers around new lows and European economic data falls short of expectation.
Asian markets closed mixed with Sydney and Tokyo the weakest in the region while China and Seoul closed higher. Oil and metals prices remain in focus while Japanese retail and PMI data was lower than the previous reading.
Data is in focus for European markets too with PMI and manufacturing data across the Eurozone slipping. Regional earnings are also being weighed along with the Fed’s meeting this week which could mean increased tightening of US monetary policy.
Wall Street and Toronto are expected to open lower. Canadian wholesale sales and US PMI and housing data are due.
IMF says global economy less about US
The US is not expected to drive the global economy as much in the next few years with Canada, the Eurozone and Asian economies rising.
That’s the view of the IMF which released its latest outlook Monday with an expectation of 3.5% growth for the world economy this year and 3.6% in 2018.
Canada is expected to grow 2.5% this year, beating the US (2.1%) before easing to 1.9% for 2018 against the US 2.1% forecast.
China is forecast to grow by 6.7% this year and 6.4% in 2018.
Stock markets are weaker so far Monday as the US dollar hovers around new lows and European economic data falls short of expectation.
Asian markets closed mixed with Sydney and Tokyo the weakest in the region while China and Seoul closed higher. Oil and metals prices remain in focus while Japanese retail and PMI data was lower than the previous reading.
Data is in focus for European markets too with PMI and manufacturing data across the Eurozone slipping. Regional earnings are also being weighed along with the Fed’s meeting this week which could mean increased tightening of US monetary policy.
Wall Street and Toronto are expected to open lower. Canadian wholesale sales and US PMI and housing data 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 |
21,580.07 (-0.15%) |
+0.87% |
+16.20% |
|
TSX Composite |
15,183.13 (-0.53%) |
-0.89% |
+3.99% |
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Europe (at 5.00am ET) |
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UK FTSE |
7,377.12 (-1.02%) |
-0.63% |
+9.61% |
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German DAX |
12,152.21 (-0.72%) |
-4.56% |
+19.76% |
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Asia (at close) |
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China CSI 300 |
3,743.47 (+0.40%) |
+3.33% |
+16.07% |
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Japan Nikkei |
19,975.67 (-0.62%) |
-0.78% |
+20.14% |
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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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48.15 (+0.19%) |
45.82 (+0.11%) |
1256.80 (+0.15%) |
U$0.7977 |
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Aus. Dollar |
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U$0.7953 |
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IMF says global economy less about US
The US is not expected to drive the global economy as much in the next few years with Canada, the Eurozone and Asian economies rising.
That’s the view of the IMF which released its latest outlook Monday with an expectation of 3.5% growth for the world economy this year and 3.6% in 2018.
Canada is expected to grow 2.5% this year, beating the US (2.1%) before easing to 1.9% for 2018 against the US 2.1% forecast.
China is forecast to grow by 6.7% this year and 6.4% in 2018.
