Morning Briefing: Markets remain cautious on Trump, Brexit

Morning Briefing: Markets remain cautious on Trump, Brexit

Morning Briefing: Markets remain cautious on Trump, Brexit Markets remain cautious on Trump, Brexit
The cancellation of the TPP trade agreement, soft US dollar and Brexit are all on the agenda Tuesday.

President Trump’s policies remain a concern for investors worldwide and in Asia, where the TPP cancellation will hit hardest, equity indexes saw choppy trade but most closed higher.

The greenback has further weakened over US policy concerns and that was bad news for Japanese exporters. The Nikkei was the notable loser of the session.

In Europe, markets are generally higher despite mixed economic data and the decision of the British Supreme Court that the UK parliament must legislate for Brexit; the government cannot use the Royal Prerogative to force it through. Regional earnings are also in focus.

Wall Street and Toronto are expected to open higher. US existing home sales data is due.
 
  Latest 1 month ago 1 year ago
 
North America (previous session)
US Dow Jones 19,799.85 (-0.14 per cent) -0.67 per cent +23.03 per cent
TSX Composite 15,480.13 (-0.44 per cent) +0.99 per cent +24.94 per cent
 
Europe (at 5.00am ET)
UK FTSE 7,167.99 (+0.24 per cent) +1.41 per cent +21.49 per cent
German DAX 11,570.72 (+0.22 per cent) +1.05 per cent +18.49 per cent
 
Asia (at close)
China CSI 300 3,364.45 (+0.01 per cent) +1.72 per cent +8.06 per cent
Japan Nikkei 18,787.99 (-0.55 per cent) -3.29 per cent +10.79 per cent
 
Other Data (at 5.00am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
55.69
(+0.83 per cent)
53.19
(+0.83 per cent)
1213.10
(-0.21 per cent)
U$0.7533
 
Aus. Dollar
U$0.7563

 
Goldman Sachs suing businessman for $1 billion
An Indonesian businessman who is suing Goldman Sachs for alleged unlawful trades in a property firm, is facing a countersuit from the investment bank.

Reuters says that Goldman Sachs is countersuing Benny Tjokrosaputro for U$1 billion.

The dispute relates to shares in PT Hanson International, of which Tjokrosaputro is president director. He claims that he owned 425 million shares traded by Goldman Sachs International; the bank says it owned them.