Morning Briefing: Asian markets mixed, Europe slips as Deutsche hit with $14 billion fine

Morning Briefing: Asian markets mixed, Europe slips as Deutsche hit with $14 billion fine

Morning Briefing: Asian markets mixed, Europe slips as Deutsche hit with $14 billion fine Asian markets mixed, Europe slips as Deutsche hit with $14 billion fine
Despite a stronger handover from Wall Street, world markets are subdued Friday as oil declines further and regional issues and central banks weigh.

In Asia, Tokyo led the gains in quiet trade with investors awaiting next week’s meetings of the Fed and bank of Japan. Sydney also closed higher but Hong Kong, Shanghai and Seoul were all closed for public holidays.

European markets are lower as banks slide following news that US regulators want $14 billion from Deutsche Bank to settle an investigation into its selling of mortgage-backed securities. The bank will fight the claim by the US Justice Department, which is a large jump from the amount it was expecting.

Wall Street and Toronto are expected to open lower ahead of US consumer price data.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 18,212.48 (+0.99 per cent) -2.27 per cent +9.71 per cent
TSX Composite 14,503.67 (+0.96 per cent) -1.36 per cent +5.38 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,718.35 (-0.18 per cent) -2.55 per cent +7.85 per cent
German DAX 10,375.15 (-0.54 per cent) -2.82 per cent +1.45 per cent
 
Asia (at close)
China CSI 300 3,238.73 (-0.66 per cent) -4.56 per cent +2.74 per cent
Japan Nikkei 16,519.29 (+0.70 per cent) -0.47 per cent -9.09 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
46.05
(-1.16 per cent)
43.44
(-1.07 per cent)
1319.30
(+0.10 per cent)
U$0.7600
 
Aus. Dollar
U$0.7506

 
Merkel warns of fragile EU post-Brexit
The European Union is at risk of breaking up as populism sweeps the region and German premier Angela Merkel says she will do everything possible to avoid the worst.

As the leaders of the EU members meet to discuss the options following Britain’s decision to leave the union, Merkel has admitted that the region is “not in a good place” and the French president Francois Hollande warned that the “very existence” of the EU is at risk.