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29 May 2017
 |
| World stock markets (The Total Investment & Insurance Solutions) |
World stock markets were listless Monday as investors look to a raft of
economic data this week and as holidays in several key markets crimped trading
volume.
KEEPING SCORE: In Europe, France's CAC 40
dipped 0.1 percent to 5,329, while Germany's DAX edged up by less than 0.1
percent to 12,606. Markets in Britain and the United states were closed for
holidays. The Total Investment &
Insurance Solutions
GLOBAL OUTLOOK: A full slate of economic
reports this week will give investors plenty to digest, beginning with eurozone
business and consumer confidence readings on Tuesday. China's latest official
factory and service industry purchasing managers' indexes, out Wednesday, will
be among the most watched, with analysts looking to see if the gauge indicates
that manufacturing growth momentum slows further. The ISM index for U.S.
manufacturing is due a day later. U.S. private and official payroll numbers are
also scheduled for release. They'll give fresh clues on employment and hiring
in the world's No. 1 economy and could bolster Fed policymakers' reasoning as
they prepare to gradually raise interest rates again. The Total Investment & Insurance Solutions
MARKET TALK: "Muted market action on
Friday night, holidays in the U.K. and U.S. tonight and a data deluge starting
tomorrow all militate against major market moves," said Michael McCarthy,
chief strategist at CMC Markets. "Investors and trader may hold out for
important reads on the world's largest economies this week." The Total Investment & Insurance
Solutions
ASIA'S DAY: Stock indexes in the region
drifted between losses and gains. Japan's benchmark Nikkei 225 index ended a
fraction lower at 19,682.57, and South Korea's Kospi dipped 0.1 percent to
2,352.97. Hong Kong's Hang Seng rose 0.2 percent to 25,701.63, while Australia's
S&P/ASX 200 lost 0.8 percent to 5,707.10. Markets in mainland China and
Taiwan were closed for holidays.
ENERGY: Oil futures retreated after their
bounce at the end of last week. Benchmark U.S. crude dipped 7 cents to $49.73 a
barrel in electronic trading on the New York Mercantile Exchange. The contract
rose 90 cents on Friday. Brent crude, the international standard, slipped 5
cents to $52.10 a barrel in London.
CURRENCIES: The dollar climbed to 111.34 yen
from 111.32. The euro edged up to $1.1188 from $1.1185.The Total Investment & Insurance Solutions
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