Morning Briefing: Equities see May sell-off

Morning Briefing: Equities see May sell-off

Morning Briefing: Equities see May sell-off Equities see May sell-off
World markets are largely lower so far Monday with a sell-off in Asia and choppy trade in Europe. Some markets are closed for holidays though including China, Hong Kong and London.

Asian indexes saw declines led by Tokyo which closed more than 3 per cent lower while Sydney closed with slim losses.

European markets have reacted to the lower Asian indexes but have seen recovery since.
Wall Street and Toronto are expected to open higher.
 
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North America (previous session)
US Dow Jones 17,773.64 (-0.32 per cent) -0.11 per cent -1.39 per cent
TSX Composite 13,951.45 (+0.47 per cent) +3.80 per cent -9.05 per cent
 
Europe (at 5.30am ET)
UK FTSE 6,241.89 (-1.27 per cent) +1.56 per cent -10.65 per cent
German DAX 10,133.74 (-0.94 per cent) +3.46 per cent -11.53 per cent
 
Asia (at close)
China CSI 300 3,156.75 (-0.12 per cent) -2.02 per cent -33.54 per cent
Japan Nikkei 16,147.38 (-3.11 per cent) -5.59 per cent -19.50 per cent
 
Other Data (at 6.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
46.87
(-1.08 per cent)
45.59
(-0.72 per cent)
1301.10
(+0.82 per cent)
U$0.7972
 
Aus. Dollar
U$0.7628

Puerto Rico set to default today
Puerto Rico will not make its debt repayment to the Government Development Bank Monday. It will be the largest default on its debts so far and Governor Alejandro Garcia Padilla said he made the decision to ensure the continuance of public services rather than make the payment.
 
Oil lower as OPEC boosts output
Oil prices have slipped back Monday as data revealed that the OPEC nations produced near-record levels in April; 32.64 million barrels per day. The rise offsets the lower production in the US and the decline in the US dollar. Russia has also increased its production.