Morning Briefing: Oil in focus, markets slip

Morning Briefing: Oil in focus, markets slip

Morning Briefing: Oil in focus, markets slip Oil in focus, markets slip
World markets are mixed Monday as oil prices ease and weaker-than-expected US jobs data released Friday is digested.

Asia’s major indexes closed with gains for Shanghai, Seoul and Sydney; although Australia’s energy firms weighed heavily with declining oil prices and the ASX saw only a narrow lift. Hong Kong, Japan and Taiwan were closed for public holidays.

European markets are generally lower despite some positive data with German exports more than double the expected figure and a Eurozone investor confidence index rising. Oil prices and news that Deutsche has not reached an agreement with US regulators are weighing on indexes.

Wall Street is expected to open higher. Toronto is closed for Thanksgiving.
 
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North America (previous session)
US Dow Jones 18,240.49 (-0.15 per cent) +0.86 per cent +6.77 per cent
TSX Composite 14,566.26 (-0.20 per cent) +0.18 per cent +4.31 per cent
 
Europe (at 4.30am ET)
UK FTSE 7,042.68 (-0.02 per cent) +3.92 per cent +9.76 per cent
German DAX 10,480.24 (-0.10 per cent) -0.88 per cent +3.80 per cent
 
Asia (at close)
China CSI 300 3,293.87 (+1.25 per cent) -0.61 per cent +2.84 per cent
Japan Nikkei 16,860.09 (-0.23 per cent) -0.62 per cent -8.56 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
51.70
(-0.44 per cent)
49.49
(-0.64 per cent)
1264.90
(+1.04 per cent)
U$0.7541
 
Aus. Dollar
U$0.7591

 
Deutsche deal stalls
Talks over the weekend between Deutsche Bank and the US Department of Justice have failed to reach a settlement over the bank’s misselling of mortgage-backed securities.

There was hope for a quick resolution to the matter which could cost Deutsche as much as $14 billion and has resulted in wild fluctuation’s for its stock on both European and US exchanges since the proposed penalty was announced.

Deutsche stocks fell 3 per cent in early trading in Europe on news that a deal was not reached.