Morning Briefing: Equities subdued despite positive notes

Morning Briefing: Equities subdued despite positive notes

Morning Briefing: Equities subdued despite positive notes Equities subdued despite positive notes
Global equity markets have started the week with a cautious tone despite some positive developments and some stability for oil and gold prices.

Asian markets closed mostly lower with Sydney bucking the trend after Australia’s federal budget update meant the country’s AAA credit rating from S&P stands, for now. There was also better-than-expected news from Japan’s exporters with a decline of 0.4 per cent far lower than the 2 per cent predicted.

European indexes are trending fairly flat although Frankfurt is doing better following a stronger reading of German business sentiment. Apple is appealing its heavy penalty from the EU over its tax relationship with Ireland.

Wall Street and Toronto are expected to open higher. US services and composite PMI figures are due.
 
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North America (previous session)
US Dow Jones 19,843.41 (-0.04 per cent) +5.17 per cent +15.85 per cent
TSX Composite 15,252.20 (+0.22 per cent) +2.61 per cent +17.11 per cent
 
Europe (at 5.00am ET)
UK FTSE 7,006.56 (-0.12 per cent) -3.39 per cent +15.85 per cent
German DAX 11,403.13 (-0.01 per cent) +6.98 per cent +7.50 per cent
 
Asia (at close)
China CSI 300 3,328.98 (-0.51 per cent) -2.59 per cent -11.65 per cent
Japan Nikkei 19,391.60 (-0.05 per cent) +7.93 per cent +2.13 per cent
 
Other Data (at 5.00am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
55.53
(+0.58 per cent)
52.21
(+0.60 per cent)
1140.50
(+0.27 per cent)
U$0.7486
 
Aus. Dollar
U$0.7290

 
Major bank to ditch 7,000 low-revenue customers
Barclays Bank is to inform 7,000 customers that they need to improve their trading levels with the bank or go elsewhere. The bank wants to boost its revenue per customer and retain only those that generate higher returns, according to Bloomberg.

Spokesman Kashif Zafar told Bloomberg that Barclays wants at least a 10 per cent return from every customer.