Morning Briefing: Investors weigh delayed ‘Trumpcare’ vote

Morning Briefing: Investors weigh delayed ‘Trumpcare’ vote

Morning Briefing: Investors weigh delayed ‘Trumpcare’ vote

Investors weigh delayed ‘Trumpcare’ vote

The delayed vote on the reform of the healthcare act in the US has been the focus of the markets so far Friday.

President Trump has told lawmakers to make a decision Friday or he will turn his attention to tax reforms, something the markets are eagerly awaiting. The delayed vote has impacted insurance sector shares.

Asian markets closed mostly higher despite a weaker handover from Wall Street. There were no major data releases in the region.

European indexes are trending slightly lower despite positive manufacturing and services PMI data from France, Germany and the Eurozone.

Wall Street and Toronto are expected to open higher. Canadian CPI and US durable goods orders data are due.

 

Latest

1 month ago

1 year ago

 

North America (previous session)

US Dow Jones

20,656.58 (-0.02 per cent)

-0.79 per cent

+17.93 per cent

TSX Composite

15,433.61 (+0.55 per cent)

-0.64 per cent

+15.54 per cent

 

Europe (at 5.00am ET)

UK FTSE

7,335.64 (-0.07 per cent)

+1.27 per cent

+20.13 per cent

German DAX

12,032.00 (+0.06 per cent)

+1.93 per cent

+22.14 per cent

 

Asia (at close)

China CSI 300

3,489.60 (+0.80 per cent)

+0.45 per cent

+9.67 per cent

Japan Nikkei

19,262.53 (+0.93 per cent)

-0.11 per cent

+14.03 per cent

 

Other Data (at 5.00am ET)

Oil (Brent)

Oil (WTI)

Gold

Can. Dollar

50.92

(+0.71 per cent)

48.05

(+0.73 per cent)

1244.20

(-0.24 per cent)

U$0.7485

 

Aus. Dollar

U$0.7623

Europe’s business activity hits 6-year high

There was better news for the Eurozone Friday as PMI data for manufacturing and services showed an increase.

Business activity was at its highest this month since April 2011 and there was strong growth for individual PMIs for Germany and France.

Chief business economist at IHS Markit Chris Williamson, told Reuters that the figures could point to the bloc’s GDP for the first quarter coming in at 0.6 per cent, adding that “it’s an economy firing on all cylinders.”


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