Oil in focus, markets slip... Deutsche deal stalls...
Oil in focus, markets slip
World markets are mixed Monday as oil prices ease and weaker-than-expected US jobs data released Friday is digested.
Asia’s major indexes closed with gains for Shanghai, Seoul and Sydney; although Australia’s energy firms weighed heavily with declining oil prices and the ASX saw only a narrow lift. Hong Kong, Japan and Taiwan were closed for public holidays.
European markets are generally lower despite some positive data with German exports more than double the expected figure and a Eurozone investor confidence index rising. Oil prices and news that Deutsche has not reached an agreement with US regulators are weighing on indexes.
Wall Street is expected to open higher. Toronto is closed for Thanksgiving.
Deutsche deal stalls
Talks over the weekend between Deutsche Bank and the US Department of Justice have failed to reach a settlement over the bank’s misselling of mortgage-backed securities.
There was hope for a quick resolution to the matter which could cost Deutsche as much as $14 billion and has resulted in wild fluctuation’s for its stock on both European and US exchanges since the proposed penalty was announced.
Deutsche stocks fell 3 per cent in early trading in Europe on news that a deal was not reached.
World markets are mixed Monday as oil prices ease and weaker-than-expected US jobs data released Friday is digested.
Asia’s major indexes closed with gains for Shanghai, Seoul and Sydney; although Australia’s energy firms weighed heavily with declining oil prices and the ASX saw only a narrow lift. Hong Kong, Japan and Taiwan were closed for public holidays.
European markets are generally lower despite some positive data with German exports more than double the expected figure and a Eurozone investor confidence index rising. Oil prices and news that Deutsche has not reached an agreement with US regulators are weighing on indexes.
Wall Street is expected to open higher. Toronto is closed for Thanksgiving.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,240.49 (-0.15 per cent) | +0.86 per cent | +6.77 per cent |
| TSX Composite | 14,566.26 (-0.20 per cent) | +0.18 per cent | +4.31 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 7,042.68 (-0.02 per cent) | +3.92 per cent | +9.76 per cent |
| German DAX | 10,480.24 (-0.10 per cent) | -0.88 per cent | +3.80 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,293.87 (+1.25 per cent) | -0.61 per cent | +2.84 per cent |
| Japan Nikkei | 16,860.09 (-0.23 per cent) | -0.62 per cent | -8.56 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 51.70 (-0.44 per cent) |
49.49 (-0.64 per cent) |
1264.90 (+1.04 per cent) |
U$0.7541 |
| Aus. Dollar |
|||
| U$0.7591 | |||
Deutsche deal stalls
Talks over the weekend between Deutsche Bank and the US Department of Justice have failed to reach a settlement over the bank’s misselling of mortgage-backed securities.
There was hope for a quick resolution to the matter which could cost Deutsche as much as $14 billion and has resulted in wild fluctuation’s for its stock on both European and US exchanges since the proposed penalty was announced.
Deutsche stocks fell 3 per cent in early trading in Europe on news that a deal was not reached.
