Trump fears dominate markets... Oil prices pressured by US output...
Trump fears dominate markets
The potential policies of President Trump are the focus for world markets Monday. Protectionist policies of the new administration which could see a renegotiation of the NAFTA and TPP trade agreements are making investors cautious.
Asian indexes closed mostly higher on regional corporate earnings and news; Tokyo was down more than 1 per cent though as activity data disappointed and a stronger yen hit exporters. Sydney also closed lower.
European indexes are trending lower despite corporate earnings. The Trump effect and Brexit continue to add uncertainty to the region’s markets.
Wall Street and Toronto are expected to open lower. Canadian wholesale sales data is due.
Oil prices pressured by US output
Concern over rising oil output from the US is impacting prices Monday even though the output caps of OPEC and certain non-OPEC producers appear to be holding.
The US rig count was at its highest since 2013 last week with shale producers increasing their output and erasing some of the glut-reducing effects of the caps.
The potential policies of President Trump are the focus for world markets Monday. Protectionist policies of the new administration which could see a renegotiation of the NAFTA and TPP trade agreements are making investors cautious.
Asian indexes closed mostly higher on regional corporate earnings and news; Tokyo was down more than 1 per cent though as activity data disappointed and a stronger yen hit exporters. Sydney also closed lower.
European indexes are trending lower despite corporate earnings. The Trump effect and Brexit continue to add uncertainty to the region’s markets.
Wall Street and Toronto are expected to open lower. Canadian wholesale sales data is due.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 19,827.25 (+0.48 per cent) | -0.53 per cent | +23.20 per cent |
| TSX Composite | 15,547.88 (+0.90 per cent) | +1.43 per cent | +25.49 per cent |
| Europe (at 5.00am ET) |
|||
| UK FTSE | 7,139.14 (-0.82 per cent) | +1.00 per cent | +21.00 per cent |
| German DAX | 11,539.66 (-0.78 per cent) | +0.78 per cent | +18.18 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,364.08 (+0.27 per cent) | +1.71 per cent | +3.05 per cent |
| Japan Nikkei | 18,891.03 (-1.29 per cent) | -2.76 per cent | +11.40 per cent |
| Other Data (at 5.00am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 55.28 (-0.38 per cent) |
52.89 (-0.62 per cent) |
1210.40 (+0.46 per cent) |
U$0.7529 |
| Aus. Dollar |
|||
| U$0.7561 | |||
Oil prices pressured by US output
Concern over rising oil output from the US is impacting prices Monday even though the output caps of OPEC and certain non-OPEC producers appear to be holding.
The US rig count was at its highest since 2013 last week with shale producers increasing their output and erasing some of the glut-reducing effects of the caps.
