Morning Briefing: Markets prepare holiday wind-down, Canadian GDP due

Morning Briefing: Markets prepare holiday wind-down, Canadian GDP due

Morning Briefing: Markets prepare holiday wind-down, Canadian GDP due Markets prepare holiday wind-down, Canadian GDP due
Stock markets worldwide are trading for their last session before the holidays and are mixed amid thin trade and regional issues.

Asian indexes are mostly lower, reacting to a second day’s disappointment that the Dow failed to break 20,000. Shanghai led the losses, down almost 1 per cent; Tokyo was closed for the emperor’s birthday.

European indexes will be closing early, some before Toronto and Wall Street begin their sessions. Regional economic data was mixed and low volumes of trade mean that most indexes are trending slightly negative.

Wall Street and Toronto are expected to open higher. Canadian GDP data is due and is forecast by analysts to be flat.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 19,918.88 (-0.12 per cent) +4.38 per cent +13.16 per cent
TSX Composite 15,335.23 (+0.19 per cent) +1.69 per cent +15.43 per cent
 
Europe (at 5.00am ET)
UK FTSE 7,059.90 (-0.05 per cent) +3.55 per cent +13.18 per cent
German DAX 11,472.67 (+0.14 per cent) +7.59 per cent +6.79 per cent
 
Asia (at close)
China CSI 300 3,307.60 (-0.84 per cent) -4.81 per cent -14.45 per cent
Japan Nikkei 19,427.67 (-0.09 per cent) +6.96 per cent +2.86 per cent
 
Other Data (at 5.00am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
54.76
(-0.53 per cent)
52.64
(-0.59 per cent)
1132.80
(+0.19 per cent)
U$0.7416
 
Aus. Dollar
U$0.7210

 
Banks agree multi-billion dollar settlements with US regulator
Two banks have agreed settlement payments to end a US Department of Justice investigation into toxic debt ahead of the financial crisis.

Deutsche Bank will pay $7.2 billion in penalties while Credit Suisse will pay a fine of $2.48 billion and provide a further $2.8 billion to compensate consumers affected.
 

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