Weak-end approaches as equities, oil slip... S&P 500 firms prepare for Brexit-hit...
Weak-end approaches as equities, oil slip
As another week draws to a close it appears that some of the sentiment is slipping away.
Hopes that Japan’s economy could be in line for double the expected stimulus package is weakening and UK post-Brexit economic data is a concern.
Asian indexes closed lower with Tokyo’s Nikkei off by more than 1 per cent as news reports from earlier in the week were side-lined while a stronger yen punished exporters.
European markets have been hit by mixed data this morning with some suggestion that business sentiment and activity was better than expected but still not igniting. Meanwhile, post-Brexit data shows that the UK’s economy contracted as the fastest pace since 2009; the pound has fallen again. London and Paris are outperforming Frankfurt so far in equity markets Friday.
Wall Street and Toronto are expected to open higher. Canadian retail and consumer price data is released.
S&P 500 firms prepare for Brexit-hit
Some of the largest companies in the US are preparing for the impact of Brexit, Reuters reports.
General Motors says it will set aside $400 million to deal with potential headwinds and Delta, FedEx and Yum Brands have all publicly expressed concern and strategies to mitigate risk. It may be some time before the depth of that risk may be.
As another week draws to a close it appears that some of the sentiment is slipping away.
Hopes that Japan’s economy could be in line for double the expected stimulus package is weakening and UK post-Brexit economic data is a concern.
Asian indexes closed lower with Tokyo’s Nikkei off by more than 1 per cent as news reports from earlier in the week were side-lined while a stronger yen punished exporters.
European markets have been hit by mixed data this morning with some suggestion that business sentiment and activity was better than expected but still not igniting. Meanwhile, post-Brexit data shows that the UK’s economy contracted as the fastest pace since 2009; the pound has fallen again. London and Paris are outperforming Frankfurt so far in equity markets Friday.
Wall Street and Toronto are expected to open higher. Canadian retail and consumer price data is released.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 18,517.23 (-0.42 per cent) | +4.14 per cent | +3.73 per cent |
| TSX Composite | 14,565.83 (+0.22 per cent) | +4.01 per cent | -1.81 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,703.31 (+0.05 per cent) | +7.06 per cent | -0.54 per cent |
| German DAX | 10,129.82 (-0.26 per cent) | +0.58 per cent | -12.07 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,225.16 (-0.84 per cent) | +2.91 per cent | -22.42 per cent |
| Japan Nikkei | 16,627.25 (-1.09 per cent) | +3.50 per cent | -19.26 per cent |
| Other Data (at 4.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 46.08 (-0.26 per cent) |
46.12 (-0.17 per cent) |
1324.30 (-0.50 per cent) |
U$0.7618 |
| Aus. Dollar |
|||
| U$0.7478 | |||
S&P 500 firms prepare for Brexit-hit
Some of the largest companies in the US are preparing for the impact of Brexit, Reuters reports.
General Motors says it will set aside $400 million to deal with potential headwinds and Delta, FedEx and Yum Brands have all publicly expressed concern and strategies to mitigate risk. It may be some time before the depth of that risk may be.
