Markets subdued after busy week... Renewable energy credits set to drop says Icahn...
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Markets subdued after busy week
A week of politics, interest rates and regional data is drawing to a close with a quieter environment Friday.
Commodities are holding steady while equity markets are showing unremarkable movement so far as investors digest the happenings of the past week.
Asian markets closed mixed with Shanghai and Tokyo lower as the two countries exchange words over disputed waters in the South China Sea. Most other indexes saw slim gains.
European bourses are also broadly flat with little regional data due and with the weaker handover from Wall Street and Asia. G20 Finance Ministers meet in Germany.
Wall Street and Toronto are expected to open flat.
Renewable energy credits set to drop says Icahn
Billionaire investor Carl Icahn believes that the market for renewable-fuel credits is set to drop.
He told Bloomberg that CVR Energy Inc, in which he holds an 82 per cent stake, is delaying buying the credits expecting the price to fall. Energy firms are required to buy the renewable identification numbers when they make gasoline as part of the rules requiring biofuels to be added to US gasoline.
Icahn’s critics say that he should not be speculating on the market as he is an unpaid advisor to President Trump and is calling for an overhaul of the system.
A week of politics, interest rates and regional data is drawing to a close with a quieter environment Friday.
Commodities are holding steady while equity markets are showing unremarkable movement so far as investors digest the happenings of the past week.
Asian markets closed mixed with Shanghai and Tokyo lower as the two countries exchange words over disputed waters in the South China Sea. Most other indexes saw slim gains.
European bourses are also broadly flat with little regional data due and with the weaker handover from Wall Street and Asia. G20 Finance Ministers meet in Germany.
Wall Street and Toronto are expected to open flat.
Renewable energy credits set to drop says Icahn
Billionaire investor Carl Icahn believes that the market for renewable-fuel credits is set to drop.
He told Bloomberg that CVR Energy Inc, in which he holds an 82 per cent stake, is delaying buying the credits expecting the price to fall. Energy firms are required to buy the renewable identification numbers when they make gasoline as part of the rules requiring biofuels to be added to US gasoline.
Icahn’s critics say that he should not be speculating on the market as he is an unpaid advisor to President Trump and is calling for an overhaul of the system.
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Latest
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1 month ago
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1 year ago
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North America (previous session)
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US Dow Jones
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20,934.55 (-0.07 per cent)
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+1.51 per cent
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+19.75 per cent
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TSX Composite
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15,562.41 (+0.27 per cent)
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-1.74 per cent
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+14.25 per cent
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Europe (at 5.00am ET)
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UK FTSE
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7,412.11 (-0.05 per cent)
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+1.54 per cent
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+19.53 per cent
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German DAX
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12,058.24 (-0.21 per cent)
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+2.56 per cent
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+21.90 per cent
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Asia (at close)
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China CSI 300
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3,445.81 (+1.03 per cent)
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+0.71 per cent
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+10.29 per cent
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Japan Nikkei
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19,521.59 (-0.35 per cent)
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+1.49 per cent
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+15.26 per cent
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Other Data (at 5.00am ET)
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Oil (Brent)
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Oil (WTI)
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Gold
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Can. Dollar
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51.83
(+0.17 per cent)
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48.89
(+0.29 per cent)
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1227.50
(+0.03 per cent)
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U$0.7503
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Aus. Dollar
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U$0.7686
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