Morning Briefing: Trump fears dominate markets

Morning Briefing: Trump fears dominate markets

Morning Briefing: Trump fears dominate markets Trump fears dominate markets
The potential policies of President Trump are the focus for world markets Monday. Protectionist policies of the new administration which could see a renegotiation of the NAFTA and TPP trade agreements are making investors cautious.

Asian indexes closed mostly higher on regional corporate earnings and news; Tokyo was down more than 1 per cent though as activity data disappointed and a stronger yen hit exporters. Sydney also closed lower.

European indexes are trending lower despite corporate earnings. The Trump effect and Brexit continue to add uncertainty to the region’s markets.

Wall Street and Toronto are expected to open lower. Canadian wholesale sales data is due.
 
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North America (previous session)
US Dow Jones 19,827.25 (+0.48 per cent) -0.53 per cent +23.20 per cent
TSX Composite 15,547.88 (+0.90 per cent) +1.43 per cent +25.49 per cent
 
Europe (at 5.00am ET)
UK FTSE 7,139.14 (-0.82 per cent) +1.00 per cent +21.00 per cent
German DAX 11,539.66 (-0.78 per cent) +0.78 per cent +18.18 per cent
 
Asia (at close)
China CSI 300 3,364.08 (+0.27 per cent) +1.71 per cent +3.05 per cent
Japan Nikkei 18,891.03 (-1.29 per cent) -2.76 per cent +11.40 per cent
 
Other Data (at 5.00am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
55.28
(-0.38 per cent)
52.89
(-0.62 per cent)
1210.40
(+0.46 per cent)
U$0.7529
 
Aus. Dollar
U$0.7561

 
Oil prices pressured by US output
Concern over rising oil output from the US is impacting prices Monday even though the output caps of OPEC and certain non-OPEC producers appear to be holding.

The US rig count was at its highest since 2013 last week with shale producers increasing their output and erasing some of the glut-reducing effects of the caps.