Weak trade data in focus, commodities rebound

Weak trade data in focus, commodities rebound

Trade data from China and Europe are in focus so far Tuesday. Meanwhile, gold and oil prices have firmed overnight.

Asian markets have digested China’s latest trade figures which reveal a slip for the pace of both imports and exports in dollar terms. Despite the data, Shanghai closed higher along with Hong Kong while most other major indexes closed lower.

European markets are trending flat as weaker-than-expected German trade data weighs, along with the Chinese figures. Mixed earnings data is also in focus.

Wall Street and Toronto are expected to open higher. Canadian housing starts data is due.

 
















 

Latest

1 month ago

1 year ago

 


North America (previous session)

US Dow Jones

22,118.42 (+0.12%)

+3.29%

+19.37%

TSX Composite

15,257.97 (+0.43%)

-1.54 %

+4.16%

 


Europe (at 5.00am ET)

UK FTSE

7,524.46 (-0.10%)

+2.36%

+10.51%

German DAX

12,257.43 (+0.00%)

-1.06%

+17.49%

 


Asia (at close)

China CSI 300

3,732.21 (+0.15%)

+2.09%

+15.40%

Japan Nikkei

19,996.01 (-0.30%)

+0.34%

+20.09%

 


Other Data (at 5.00am ET)

Oil (Brent)

Oil (WTI)

Gold

Can. Dollar

52.66


(+0.55%)

49.71


(+0.65%)

1266.80


(+0.17%)

U$0.7899

 


Aus. Dollar

U$0.7928

Global bank ratings sharply negative says Fitch

The ratings trend for the global banking sector in the first half of 2017 was sharply negative, Fitch says.

The ratings agency says that downgrades significantly outnumbered upgrades (71 vs. 21) in the 6 months. Emerging markets made up 57 of the downgrades.

The global distribution of Outlooks remains skewed, with 13% of IDRs on Negative Outlook/Watch and only 5% on Positive.

The positive outlooks in developed markets are mainly in Europe.  

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