Global equities mixed, commodities tick higher... Banks could face tougher sanctions...
Global equities mixed, commodities tick higher
Equity markets are mixed so far Wednesday with a higher lead from Wall Street and rising commodity prices, offset by profit-taking and regional concerns.
In Asia, Shanghai and Hong Kong closed lower while Sydney and Seoul were among those gaining. Tokyo was closed for a public holiday.
The Wall Street rally of the previous session has buoyed European indexes but most of the major indexes are trending lower with banks losing some ground, especially in Italy where a reform referendum takes place at the weekend. London’s FTSE is outperforming peers on expectation of the finance minister’s autumn statement later.
Wall Street and Toronto are expected to open higher. US durable goods orders data is due.
Banks could face tougher sanctions
Regulators in the US are considering tougher penalties for banks that abuse the rules, Reuters reports.
Following the recent scandal at Wells Fargo where employees had opened 2 million accounts without customers’ knowledge, which resulted in a U$190 million fine, Reuters says it has seen a plan by the Office of the Comptroller of the Currency to impose tougher sanctions.
Equity markets are mixed so far Wednesday with a higher lead from Wall Street and rising commodity prices, offset by profit-taking and regional concerns.
In Asia, Shanghai and Hong Kong closed lower while Sydney and Seoul were among those gaining. Tokyo was closed for a public holiday.
The Wall Street rally of the previous session has buoyed European indexes but most of the major indexes are trending lower with banks losing some ground, especially in Italy where a reform referendum takes place at the weekend. London’s FTSE is outperforming peers on expectation of the finance minister’s autumn statement later.
Wall Street and Toronto are expected to open higher. US durable goods orders data is due.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 19,023.87 (+0.35 per cent) | +4.84 per cent | +6.73 per cent |
| TSX Composite | 15,100.38 (+0.40 per cent) | +1.08 per cent | +12.84 per cent |
| Europe (at 4.30am ET) |
|||
| UK FTSE | 6,859.69 (+0.59 per cent) | -2.29 per cent | +8.79 per cent |
| German DAX | 10,681.42 (-0.30 per cent) | -0.27 per cent | -3.70 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,474.73 (+0.18 per cent) | +4.42 per cent | -7.42 per cent |
| Japan Nikkei | 18,162.94 (+0.31 per cent) | +5.69 per cent | -8.64 per cent |
| Other Data (at 2.30am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 49.26 (+0.26 per cent) |
48.20 (+0.35 per cent) |
1211.30 (+0.01 per cent) |
U$0.7439 |
| Aus. Dollar |
|||
| U$0.7426 | |||
Banks could face tougher sanctions
Regulators in the US are considering tougher penalties for banks that abuse the rules, Reuters reports.
Following the recent scandal at Wells Fargo where employees had opened 2 million accounts without customers’ knowledge, which resulted in a U$190 million fine, Reuters says it has seen a plan by the Office of the Comptroller of the Currency to impose tougher sanctions.
