Markets cautious following North Korea missiles... Deutsche announces capital hike, legal probe reported...
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Markets cautious following North Korea missiles
Geopolitical risks, weaker commodity prices and regional earnings and data are all in focus so far Monday. Investors are also anticipating a Fed rate hike.
Asian markets were rattled by news that North Korea had fired several missiles, with three landing inside Japan’s economic zone. Tokyo says it will not tolerate the rogue state’s actions; the Nikkei closed lower.
A downgraded forecast for China’s economy over the weekend and stronger retail data from Australia have also been considered and most markets closed higher.
European indexes are trending lower with the banking sector under pressure. Weaker Eurozone retail data is also in focus.
Wall Street and Toronto are expected to open lower.
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Latest |
1 month ago |
1 year ago |
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North America (previous session) |
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US Dow Jones |
21,005.71 (+0.01 per cent) |
+4.75 per cent |
+23.51 per cent |
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TSX Composite |
15,608.50 (+0.46 per cent) |
+0.98 per cent |
+18.13 per cent |
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Europe (at 5.00am ET) |
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UK FTSE |
7,347.26 (-0.37 per cent) |
+2.44 per cent |
+18.52 per cent |
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German DAX |
11,967.74 (-0.50 per cent) |
+3.98 per cent |
+21.82 per cent |
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Asia (at close) |
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China CSI 300 |
3,446.48 (+0.54 per cent) |
+2.17 per cent |
+11.40 per cent |
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Japan Nikkei |
19,379.14 (-0.46 per cent) |
+2.12 per cent |
+13.90 per cent |
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Other Data (at 5.00am ET) |
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Oil (Brent) |
Oil (WTI) |
Gold |
Can. Dollar |
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55.59 (-0.55 per cent) |
53.03 (-0.56 per cent) |
1233.40 (+0.48 per cent) |
U$0.7468 |
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Aus. Dollar |
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U$0.7592 |
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Deutsche announces capital hike, legal probe reported
Shares in Germany’s Deutsche Bank dropped 6 per cent in early trade Monday as it announced a capital hike and reports claimed it is facing new legal action.
The additional $8.48 billion capital increase had been described previously as a last resort by CEO John Cryan. Reuters reports that the bank is behind its Wall Street rivals and has several key issues that need to be addressed to bring it back in line.
However, European media outlet Sky is reporting that the bank faces new legal action over foreign exchange trading. The report says that US law firm Scott + Scott will announce the action Monday in relation to ‘last look’ trading.
