The Before the Bell report is compiled by editors of The Globe and Mail and is updated throughout the morning to reflect latest developments. Colin Cieszynski, Chartered Financial Analyst and Chartered Market Technician, is chief market strategist with CMC Markets.
Stock markets in continental Europe are getting hammered again today. Deutsche Bank remains under fire with its shares falling under €10 before rebounding amid reports hedge funds have started to pull excess cash out of the Bank which faces up to $14-billion in U.S. fines. The Dax is down 1.1 per cent today with the FTSE down 0.9 per cent. The euro has also been falling as sentiment toward the continent's banking system sours with the euro falling relative to the U.S. dollar, British pound, and yen.
Follow us on Twitter: