Oil slips on profit-taking, Chinese inflation lower... Barclays reaches $100 million deal over Libor...
Oil slips on profit-taking, Chinese inflation lower
Equities are generally higher so far Tuesday despite a decline for oil prices and figures showing a dip for China’s consumer price index and producer prices.
Investors are still hopeful of new talks between OPEC countries which could mean a cap on output but the sentiment boosted prices in the previous session, leading to profit-taking today.
Asian markets closed mostly higher, except Hong Kong. China’s inflation eased to 1.8 per cent in July, in line with expectations; producer prices were also down slightly with growth of 1.7 per cent.
India’s central bank announced its latest interest rate decision, opting to hold its main rate at 6.5 per cent.
European markets are also higher as investors consider regional corporate earnings. Data from the UK shows better retail sales in July as shoppers were tempted to brush aside Brexit concerns by offers. PMI and manufacturing data released today could prompt BoE chief Mark Carney to make a further interest rate cut this summer some analysts are predicting.
Wall Street and Toronto are expected to open higher.
Barclays reaches $100 million deal over Libor
Barclays Bank has reached agreement with regulators in 44 states following an investigation into rigging of Libor rates. The bank will pay $100 million according to a statement from New York Attorney General Eric Schneiderman. Barclays is the first bank to reach an agreement over the matter.
Equities are generally higher so far Tuesday despite a decline for oil prices and figures showing a dip for China’s consumer price index and producer prices.
Investors are still hopeful of new talks between OPEC countries which could mean a cap on output but the sentiment boosted prices in the previous session, leading to profit-taking today.
Asian markets closed mostly higher, except Hong Kong. China’s inflation eased to 1.8 per cent in July, in line with expectations; producer prices were also down slightly with growth of 1.7 per cent.
India’s central bank announced its latest interest rate decision, opting to hold its main rate at 6.5 per cent.
European markets are also higher as investors consider regional corporate earnings. Data from the UK shows better retail sales in July as shoppers were tempted to brush aside Brexit concerns by offers. PMI and manufacturing data released today could prompt BoE chief Mark Carney to make a further interest rate cut this summer some analysts are predicting.
Wall Street and Toronto are expected to open higher.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,529.29 (-0.08per cent) | +2.11 per cent | +6.65 per cent |
| TSX Composite | 14,755.62 (+0.73 per cent) | +3.48 per cent | +3.17 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,826.40 (+0.25 per cent) | +3.58 per cent | +1.61 per cent |
| German DAX | 10,476.63 (+0.42 per cent) | +8.80 per cent | -8.83 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,256.98 (+0.70 per cent) | +2.03 per cent | -16.64 per cent |
| Japan Nikkei | 16,764.97 (+0.69 per cent) | +10.97 per cent | -19.11 per cent |
| Other Data (at 4.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 45.27 (-0.26 per cent) |
43.01 (-0.02 per cent) |
1340.10 (-0.09 per cent) |
U$0.7598 |
| Aus. Dollar |
|||
| U$0.7662 | |||
Barclays reaches $100 million deal over Libor
Barclays Bank has reached agreement with regulators in 44 states following an investigation into rigging of Libor rates. The bank will pay $100 million according to a statement from New York Attorney General Eric Schneiderman. Barclays is the first bank to reach an agreement over the matter.
