Trump in focus, oil slips as output rises... Reforms of bank regulation are “dangerous” warns Fed policymaker...
Trump in focus, oil slips as output rises
World markets are once again watching developments in Washington following President Trump's disbanding of two councils. The US dollar has gained overnight along with gold prices.
Oil is also in focus with price gains following data showing lower US stockpiles moderated by fears of higher output from OPEC countries.
Asian markets ended the session split with gains for Shanghai and Seoul while Sydney Hong Kong and Tokyo closed lower.
European markets are trending lower due to corporate earnings and concerns over US policy.
Wall Street and Toronto are expected to open lower. Canadian manufacturing shipments and US jobless claims data are due.
Reforms of bank regulation are “dangerous” warns Fed policymaker
The vice chair of the Federal Reserve Stanley Fischer, says that loosening control on banks would be “dangerous and extremely short-sighted.”
Speaking to the financial Times, Fischer said that loosening the regulations could see a return to conditions that led to the 2008 financial crisis.
"I am worried that the US political system may be taking us in a direction that is very dangerous," he said.
The softer regulations follow a vote in June to replace the Dodd-Frank Wall Street reform law.
World markets are once again watching developments in Washington following President Trump's disbanding of two councils. The US dollar has gained overnight along with gold prices.
Oil is also in focus with price gains following data showing lower US stockpiles moderated by fears of higher output from OPEC countries.
Asian markets ended the session split with gains for Shanghai and Seoul while Sydney Hong Kong and Tokyo closed lower.
European markets are trending lower due to corporate earnings and concerns over US policy.
Wall Street and Toronto are expected to open lower. Canadian manufacturing shipments and US jobless claims data are due.
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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 |
22,024.87 (+0.12) |
+1.83% |
+18.58% |
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TSX Composite |
15,082.21 (-0.10%) |
-0.55 % |
+2.62% |
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Europe (at 5.00am ET) |
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UK FTSE |
7,408.37 (-0.33%) |
+0.06% |
+8.01% |
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German DAX |
12,230.63 (-0.27%) |
-2.83% |
+16.07% |
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Asia (at close) |
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China CSI 300 |
3,721.28 (+0.54%) |
+1.58% |
+10.32% |
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Japan Nikkei |
19,702.63 (-0.14%) |
-2.07% |
+17.66% |
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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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50.17 (-0.20%) |
46.64 (-0.30%) |
1291.00 (+0.63%) |
U$0.7912 |
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Aus. Dollar |
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U$0.7933 |
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Reforms of bank regulation are “dangerous” warns Fed policymaker
The vice chair of the Federal Reserve Stanley Fischer, says that loosening control on banks would be “dangerous and extremely short-sighted.”
Speaking to the financial Times, Fischer said that loosening the regulations could see a return to conditions that led to the 2008 financial crisis.
"I am worried that the US political system may be taking us in a direction that is very dangerous," he said.
The softer regulations follow a vote in June to replace the Dodd-Frank Wall Street reform law.
