When Don meets Vlad: World market themes for the week ahead<\/a><\/p>\nOverseas, the pan-European STOXX 600 was up 0.24 per cent in morning trading. Britain\u2019s FTSE 100 slipped 0.04 per cent, Germany\u2019s DAX was little changed and France\u2019s CAC 40 advanced 0.22 per cent.<\/p>\n
In Asia, Japan\u2019s Nikkei closed 1.85 per cent higher, while Hong Kong\u2019s Hang Seng slid 0.89 per cent. <\/p>\n
Commodities<\/p>\n
Oil prices edged higher but were poised for the steepest weekly losses since late June on a tariff-hit economic outlook and a potential meeting between Trump and Russian president Vladimir Putin.<\/p>\n
Brent crude futures were up 0.78 per cent to US$66.95 a barrel, on track to decline more than 4 per cent week-over-week. West Texas Intermediate (WTI) crude futures rose 0.67 per cent to US$64.31 a barrel, set to fall nearly 4.9 per cent on a weekly basis.<\/p>\n
\u201cThe Russian leader is expected to insist on having his territorial demands granted, a hard sell for [Ukraine], while his U.S. counterpart will push for a ceasefire,\u201d said PVM analyst Tamas Varga.<\/p>\n
\u201cNo breakthrough is anticipated, and the U.S. following through on its threat to impose secondary sanctions on those dealing in Russian energy – including China and India – remains a possibility.\u201d<\/p>\n
In other commodities, spot gold rose 0.4 per cent to US$3,400.40 an ounce. U.S. gold futures gained 1.02 per cent to US$3,489.20, after hitting an all-time high of US$3,534.10 on reports of duties on U.S. imports of bullion bars, most of which come from Switzerland.<\/p>\n
U.S. gold futures climbed to a record high August 8. after a report that the United States had imposed tariffs on imports of one-kilogram gold bars.<\/p>\n
Reuters<\/p>\n
Currencies and bonds<\/p>\n
The Canadian dollar strengthened against its U.S. counterpart.<\/p>\n
The day range on the loonie was 72.68 US cents to 72.86 US cents in early trading. The Canadian dollar was down about 0.3 per cent against the greenback over the past month. <\/p>\n
The U.S. dollar index, which weighs the greenback against a group of currencies, declined 0.17 per cent to 98.23. <\/p>\n
The euro fell 0.17 per cent to US$1.1648. The British pound slid 0.04 per cent to US$1.3440. <\/p>\n
In bonds, the yield on the U.S. 10-year note was flat at 4.259 per cent.<\/p>\n
Economic news<\/p>\n
Japan household spending and bank lending<\/p>\n
(8:30 a.m. ET) Canadian employment for July. Data show the economy shed 40,800 jobs, compared with consensus rise of 15,000. Unemployment rate held steady at 6.9%<\/p>\n
With Reuters and The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Equities Global shares were mixed as investors assessed corporate earnings and U.S. President Donald Trump\u2019s nomination for the…\n","protected":false},"author":2,"featured_media":54489,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3244,45,49,48,3245,3237,3240,2640,3242,3246,166,3247,3241,3239,3243,3238],"class_list":{"0":"post-54488","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bonds","9":"tag-business","10":"tag-ca","11":"tag-canada","12":"tag-canadian-dollar","13":"tag-dow-jones","14":"tag-equities","15":"tag-futures","16":"tag-gold","17":"tag-loonie","18":"tag-nasdaq","19":"tag-newnewsletter","20":"tag-oil","21":"tag-sd","22":"tag-silver","23":"tag-tsx"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/54488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=54488"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/54488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/54489"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=54488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=54488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=54488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}