Morning Briefing: Equities mixed, commodities slip

Morning Briefing: Equities mixed, commodities slip

Morning Briefing: Equities mixed, commodities slip Equities mixed, commodities slip
Stock markets are mixed Friday as investors continue to weigh the impact of a Trump presidency.

Asian markets closed with gains for Tokyo, Sydney and Shanghai, while Hong Kong was down more than 1 per cent. Shanghai entered a bull market.

European indexes are mostly trending lower as Brexit once again takes centre stage. There is concern that if the next step of the legal challenge against the government’s power to begin leaving the EU forces a vote in parliament, there could be many MPs voting against the plan. That could mean an extended period of uncertainty.

Meanwhile, Germany’s DAX has outperformed its peers following consumer price data which hit expectations.

Wall Street and Toronto are expected to open higher.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 18,807.88 (+1.17 per cent) +2.61 per cent +5.91 per cent
TSX Composite 14,744.25 (-0.11 per cent) +1.34 per cent +10.51 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,745.53 (-1.21 per cent) -4.60 per cent +7.12 per cent
German DAX 10,642.60 (+0.12 per cent) +0.62 per cent - 2.43 per cent
 
Asia (at close)
China CSI 300 3,417.22 (+0.78 per cent) +3.35 per cent -10.86 per cent
Japan Nikkei 17,374.79 (+0.18 per cent) +2.06 per cent -11.76 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
45.62
(-0.48 per cent)
44.28
(-0.85 per cent)
1253.40
(-1.03 per cent)
U$0.7406
 
Aus. Dollar
U$0.7588

 
Alibaba ‘Singles Day’ smashes records
Chinese online marketplace Alibaba has smashed its record for sales on China’s equivalent of Black Friday.

The Singles Day event which runs for 24 hours, exceeded the U$14.3 billion in sales achieved a year ago just two-thirds of the way through the day.

Bloomberg reports that the retailer pulled in celebrity power including One Republic, David Beckham and Scarlett Johansson to launch the 24-hour retail frenzy.