Market Headlines 22/8/2017
- US stocks began the week on a cautious note, inching 0.1% higher, as participants continue to focus on political uncertainty in Washington and simmering tensions between the US and North Korea.
- The dollar remained under pressure yesterday, trading 0.5% lower against the euro to $1.1808 ahead of the Jackson Hole symposium on Thursday.
- Oil prices came under pressure following Friday’s large gain, with Brent Crude settling 2% lower. Base metals, however, enjoyed a strong session as Copper, Aluminium and Zinc all traded higher.
- European equities began the week on the back foot, declining 0.7% with most sectors finishing in negative territory.
- The German DAX index fell 0.8%, Spain’s IBEX lost 0.3% and France’s CAC index declined 0.5%.
A muted session for Asian equities overnight as Chinese stocks settled marginally higher and Japanese indices closed broadly unchanged.