A 200 basis-point increase in
interest rates could spark a sharp rise in the proportion of
emerging market corporate debt issues at risk of default, with
Brazilian and Indian firms most vulnerable, a report from
McKinsey Global Institute showed.
* The Toronto Stock Exchange's
S&P/TSX rose 69.21 points, or 0.42 percent,
* The biggest contributor to the TSX gain was TransCanada
, while the top sector contributor was energy.
* Leading the index were Canada Goose Holdings
Inc, up 9.8 percent, Bombardier Inc, up 6.4
percent, and Lucara Diamond Corp , higher by 6.1
* Lagging shares were Baytex Energy Corp, down 12.3
percent, Valeant Pharmaceuticals International Inc,
down 12.3 percent, and
Argentina's peso currency
snapped its slide on Monday as the central bank said it would
hike reserve requirements for banks, a move that also sent bank
shares tumbling as the country's stocks had their worst
performance since December 2014.
Australian shares are expected to rise
on Tuesday with energy stocks set to gain as oil prices climb
ahead of Friday's key OPEC meeting.
Brent crude climbed over 2.5 percent on Monday as
investors see the likely announcement of an increase in
production at the OPEC meet to be lower than initially thought.
The local share price index futures rose 0.6
percent, a 49.9-point premium to the underlying S&P/ASX 200
index close. The benchmar
Saudi Arabia dismissed a senior
figure in its fast-changing entertainment sector on Monday,
state-owned TV said, removing an official responsible for
bringing shows, festivals and concerts to the conservative
kingdom under sweeping economic and social reforms.
WASHINGTON The Trump administration on Monday defended its hardline immigration policy at the U.S.-Mexico border as criticism mounted over detained immigrant parents being separated from their children, including video of youngsters sitting in concrete-floored cages. | Video