Morning Briefing: Global sentiment slips, equities lower

Morning Briefing: Global sentiment slips, equities lower

Morning Briefing: Global sentiment slips, equities lower Global sentiment slips, equities lower
The week is drawing to a close with weaker sentiment among global investors as several issues combine including the latest press conference from Donald Trump.

Asian markets closed lower as Samsung shares dropped following the arrest of its head Jay Y Lee in connection with the South Korean presidential influence scandal. Weak tech shares were a drag on the Nikkei while mining stocks lagged on Sydney’s ASX.

Shanghai was the worst performer in the region following news of weaker foreign investment in China.

European indexes are trending lower too, as investors digest the Chinese data and weak leads from Asia and Wall Street. Weaker-than-expected UK retail data has added to the downbeat tone.

Wall Street and Toronto are expected to open lower. The G20 Finance Ministers meeting continues in Germany.
 

 

Latest

1 month ago

1 year ago

 

North America (previous session)

US Dow Jones

20,619.77 (+0.04 per cent)

+4.00 per cent

+25.32 per cent

TSX Composite

15,864.17 (+0.12 per cent)

+2.74 per cent

+23.29 per cent

 

Europe (at 5.00am ET)

UK FTSE

7,274.02 (-0.05 per cent)

+0.74 per cent

+20.62 per cent

German DAX

11,708.85 (-0.41 per cent)

+1.46 per cent

+24.86 per cent

 

Asia (at close)

China CSI 300

3,421.44 (-0.57 per cent)

+2.86 per cent

+11.69 per cent

Japan Nikkei

19,234.62 (-0.58 per cent)

+2.24 per cent

+21.46 per cent

 

Other Data (at 5.00am ET)

Oil (Brent)

Oil (WTI)

Gold

Can. Dollar

55.48

(-0.31 per cent)

53.23

(-0.24 per cent)

1243.40

(+0.14 per cent)

U$0.7646

 

Aus. Dollar

U$0.7668


Megabanks among most admired firms
Fortune magazine has published its list of the world’s most admired companies which includes several ‘megabanks’.

Among the ‘all stars’ – topped by Apple, Amazon and Starbucks – JP Morgan Chase and Goldman Sachs also make the grade.

Among the ‘megabanks’ category, JP Morgan Chase is first and is followed by Bank of America, Morgan Stanley, Goldman Sachs, UBS, Citigroup, HSBC and Mitsubishi UFJ.