US healthcare reform in focus, markets weak... Next US interest rate rise will be in the fall say economists...
US healthcare reform in focus, markets weak
Increased opposition to President Trump’s healthcare reforms is in focus so far Tuesday with the policy looking even less likely which markets consider will also affect potential tax reforms.
The greenback has tumbled and most world markets are subdued.
Asian bourses ended their session mixed with China and South Korea doing better than Japan and Australia. Mining stocks were among those leading the Sydney index down more than 1%.
European indexes are also mixed with Brexit talks and corporate earnings adding to the picture. Mixed data from the UK has put the FTSE100 ahead of peers, although even that is flat. House prices gained more than expected while inflation was weaker in the UK in June.
Wall Street and Toronto are expected to open flat.
Next US interest rate rise will be in the fall say economists
A poll of economists by Reuters shows most believe there will be another US interest rate rise in the fourth quarter along with the start of the unwinding of the Fed’s balance sheet.
The expectation is that the balance sheet move will begin in September with an interest rate rise in December.
Increased opposition to President Trump’s healthcare reforms is in focus so far Tuesday with the policy looking even less likely which markets consider will also affect potential tax reforms.
The greenback has tumbled and most world markets are subdued.
Asian bourses ended their session mixed with China and South Korea doing better than Japan and Australia. Mining stocks were among those leading the Sydney index down more than 1%.
European indexes are also mixed with Brexit talks and corporate earnings adding to the picture. Mixed data from the UK has put the FTSE100 ahead of peers, although even that is flat. House prices gained more than expected while inflation was weaker in the UK in June.
Wall Street and Toronto are expected to open flat.
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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 |
21,629.72 (-0.04%) |
+1.15% |
+16.71% |
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TSX Composite |
15,165.36 (-0.06%) |
-0.18% |
+4.36% |
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Europe (at 5.00am ET) |
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UK FTSE |
7,409.99 (+0.01%) |
-0.79% |
+10.59% |
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German DAX |
12,516.64 (+0.56%) |
-1.85% |
+24.38% |
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Asia (at close) |
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China CSI 300 |
3,667.18 (+0.10%) |
+4.22% |
+12.42% |
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Japan Nikkei |
19,999.91 (-0.59%) |
+0.28% |
+21.23% |
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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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48.60 (+0.37%) |
46.16 (+0.30%) |
1236.10 (+0.19%) |
U$0.7932 |
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Aus. Dollar |
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U$0.7941 |
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Next US interest rate rise will be in the fall say economists
A poll of economists by Reuters shows most believe there will be another US interest rate rise in the fourth quarter along with the start of the unwinding of the Fed’s balance sheet.
The expectation is that the balance sheet move will begin in September with an interest rate rise in December.
