Markets Right Now: European markets start week on flat note + MORE May 23rd

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TOKYO – Prime Minister Justin Trudeau has landed in Tokyo where he will hold a bilateral visit with Japanese leaders before attending the Group of Seven summit later this week.
Trudeau will meet Tuesday with Prime Minister Shinzo Abe, the emperor and empress of Japan as well as automotive sector officials.
The visit comes ahead of the G7 summit on Thursday and Friday in the Japanese city of Ise-Shima.
This is Trudeau’s first overseas bilateral since taking office.
He plans to discuss trade, investment, security, education and the Trans-Pacific Partnership.
The post Prime Minister Justin Trudeau arrives in Tokyo ahead of G7 summit in Japan appeared first on Canadian Business – Your Source For Business News.

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LONDON – The Latest on developments in global financial markets (all times local):
10:30 a.m.
European stock markets are largely trading in narrow ranges as further evidence emerged of an economic slowdown across the 19-country eurozone.
Financial information company Markit said Monday that its initial reading of the composite purchasing managers’ index — a broad gauge of business activity across the services and manufacturing sectors — fell to a 16-month low of 52.9 points in May from April’s 53.0. Anything above 50 indicates expansion.
Stephen Brown, European economist at Capital Economics, says the small monthly fall adds to the evidence that second-quarter growth is “unlikely to repeat” the first-quarter’s strong 0.5 per cent gain.
That kept a lid on Europe’s main markets, with Germany’s DAX up 0.4 per cent at 9,959 while France’s CAC-40 fell 0.1 per cent to 4,350. Britain’s FTSE 100 index was flat at 6,156.
The post Markets Right Now: European markets start week on flat note appeared first on Canadian Business – Your Source For Business News.

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