Weak Wednesday as oil, equities decline... Oil stocks rise as doubts grow over OPEC deal...
The Hang Seng reached its highest level for 7 months today and showed the fastest gains in 7 weeks, up 1.6 per cent.
The markets will be closely watching key US data this morning before turning attention to Fed chair Janet Yellen who’s at the HQ of the International Monetary Fund today, where she will deliver a lecture and meet with IMF managing director Christine Lagarde.
Figures released today are expected to see growth in Canada’s gross domestic product; the prediction is for 0.3 per cent for April, up from 0.1 per cent in March.
The Bank for International Settlements warns that regulators should not ignore the risk from high property prices and rising credit levels.
An announcement is likely today, by a compensation expert hired by General Motors, regarding settlements to accident victims following the firm’s defective ignition switch crisis.
The long awaited announcement on penalties for BNP Paribas is expected later today.
This morning’s news from the European Central Bank is that inflation held steady in June.
Global stocks have been trading up so far on Monday as investors bet on a week of more positive data.
Seattle based Amazon are being accused of ‘bullying’ tactics by publishers in the UK.
Canada’s Office of the Superintendent of Financial Institutions’ deputy superintendant has told a housing conference that lenders are more exposed now than they were a decade ago; just a few years before the crisis hit.