Morning Briefing: Markets mixed following Trump, data

Morning Briefing: Markets mixed following Trump, data

Morning Briefing: Markets mixed following Trump, data Markets mixed following Trump, data
World equity markets continue to follow the Trump story as its unfolds in the hope of gaining insight into how things may be affected under the forthcoming change at the White House.

Analysts are firmer in their expectation of a Fed interest rate rise next month with Michael Hewson of CMC Markets telling clients that there could be “additional rate rises quite quickly, if market measures of inflation expectations continue to increase."

Data was also in focus in Asian markets Monday with Japan showing better-then-expected growth in its GDP (2.2 per cent year-over-year) while China released a range of figures which were broadly in line with expectations.

Shanghai and Tokyo closed higher while Hong Kong, Seoul and Sydney were all lower. Australia’s miners were under pressure from falling prices.

European indexes are broadly positive with the major markets trending higher.

Wall Street and Toronto are expected to open higher.
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 18,847.66 (+0.21 per cent) +3.91 per cent +9.29 per cent
TSX Composite 14,555.41 (-1.28 per cent) -0.20 per cent +11.32 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,801.33 (+1.05 per cent) -3.03 per cent +11.16 per cent
German DAX 10,767.37 (+0.93 per cent) +1.77 per cent +0.55 per cent
 
Asia (at close)
China CSI 300 3,430.25 (+0.38 per cent) +3.76 per cent -10.86 per cent
Japan Nikkei 17,672.62 (+1.77 per cent) +4.84 per cent -8.43 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
44.74
(-0.02 per cent)
45.33
(-0.18 per cent)
1226.20
(+0.16 per cent)
U$0.7370
 
Aus. Dollar
U$0.7548

 
Weak outlook for sovereign credit says Moody’s
Moody’s Investors Service reported Monday that it expects sovereign ratings to be negative for possibly more than a year amid low growth and high levels of public-sector debt.

Out of 134 sovereigns, the service rates 35 (26 per cent) as negative, with limited opportunity for growth. The proportion of negative ratings is the highest since 2012.