Morning Briefing: Markets start the week upbeat

Markets start the week upbeat... Canada’s CEOs concerned about external impacts...

Morning Briefing: Markets start the week upbeat
Steve Randall
Markets start the week upbeat

World markets are generally higher so far Monday with oil prices rebounding amid a weaker US dollar and some positive regional data.

Asian markets closed higher although several markets are closed for holidays. In focus was the bankruptcy filing of airbag maker Takata along with the 1 per cent rise for oil and key US data due later in the week.

European markets are trending higher with the ECB Forum taking place today and a speech later from the central bank’s Mario Draghi.
News that two regional Italian banks will be would up with assistance from the government, with assets sold for a nominal sum, has boosted confidence in the finance sector. The ECB had warned that the two banks were likely to fail.

Wall Street and Toronto are expected to open higher. US durable goods orders data is due.

Canada’s CEOs concerned about external impacts

Canada’s chief executives are more positive about the domestic economy but are increasingly concerned about outside influences, a new survey reveals.

The Gandalf Group’s C-Suite Survey shows that almost two-thirds of respondents think President Trump has done a bad job since taking office and almost all say they are concerned about the effect of politics and trade agreements on their business.

Three quarters of respondents think that there will be major trade changes for Canada, especially concerning NAFTA.