Trump concerns in focus... JP Morgan CEO says he’d help any president not just Trump...
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Investors are concerned at the ongoing developments in US politics with the fallout from the sacking of FBI director James Comey and Trump-Russia links making the markets nervous.
Equities are trending lower so far Wednesday with but the political uncertainty is good news for gold, which continues on an upward path.
Asian indexes closed lower. Australia’s investors weighed a warning from Moody’s that Australian banks are vulnerable to rising home prices and low wage growth. Households are taking on higher debt as a result. Japanese GDP data is due later.
European markets are also trending lower. Eurozone inflation held steady in April and UK employment data revealed continued strength.
Wall Street and Toronto are expected to open lower. Canadian manufacturing shipments data is due along with US oil and gasoline inventory figures.
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Latest |
1 month ago |
1 year ago |
North America (previous session) |
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US Dow Jones |
20,979.75 (-0.01 per cent) |
+1.66 per cent |
+19.68 per cent |
TSX Composite |
15,543.33 (+0.55 per cent) |
+0.90 per cent |
+11.69 per cent |
Europe (at 5.00am ET) |
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UK FTSE |
7,523.43 (+0.02 per cent) |
+2.67 per cent |
+21.98 per cent |
German DAX |
12,753.24 (-0.40 per cent) |
+5.32 per cent |
+28.95 per cent |
Asia (at close) |
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China CSI 300 |
3,409.97 (-0.54 per cent) |
-2.01 per cent |
+10.50 per cent |
Japan Nikkei |
19,814.88 (-0.53 per cent) |
+7.95 per cent |
+18.99 per cent |
Other Data (at 5.00am ET) |
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Oil (Brent) |
Oil (WTI) |
Gold |
Can. Dollar |
51.58 (-0.14 per cent) |
48.50 (-0.33 per cent) |
1244.50 (+0.66 per cent) |
U$0.7345 |
Aus. Dollar |
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U$0.7401 |
JP Morgan CEO says he’d help any president not just Trump
The chief executive of JP Morgan Chase & Co says he would help “any president” in office, following criticism from shareholders over his role as a Trump advisor.
Reuters reports that Jamie Dimon told attendees of the bank’s annual meeting in Delaware that as “a patriot” he is happy to advise the administration, adding that it doesn’t mean support for all of its policies.
Dimon ruled out stepping down from the Strategic and Policy Forum.