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6 June 2017
 |
| Global stocks (The Total Investment & Insurance Solutions) |
Global stocks mostly fell Tuesday as investors digested soft economic
data and looked toward the British election later in the week. The Total Investment & Insurance
Solutions
KEEPING SCORE: France's CAC 40 lost 0.6
percent to 5,276 and Germany's DAX fell 1 percent to 12,701. Britain's FTSE 100
was down 0.2 percent at 7,509. U.S. shares were set to drift lower, with Dow
and S&P 500 futures both shedding 0.3 percent.
EUROPE'S OUTLOOK: Investor sentiment was
dampened slightly by a weak report on retail sales in the 19-country eurozone.
Retail sales rose 0.1 percent in April, below expectations. More broadly,
markets are also subdued ahead of an increasingly unpredictable U.K. election
on Thursday. The race has tightened between the Conservatives and the Labour
party, with uncertain consequences for the country's Brexit negotiations. The Total Investment & Insurance
Solutions
MIDEAST TENSIONS: A diplomatic rift between
Qatar and other major Middle Eastern countries also drew attention. Qatar is
one of the world's largest suppliers of natural gas, and any effort to halt its
exports could affect the energy market. Investors will also be aware of the
potential for greater instability in the region as Qatar clashes diplomatically
with regional heavyweights Saudi Arabia, a massive energy supplier, and Egypt.
Qatar is also home to some 10,000 American troops and a major U.S. military
base.
ASIA'S DAY: Japan's benchmark Nikkei 225
dipped nearly 1.0 percent to finish at 19,979.90. Australia's S&P/ASX 200
was down 1.5 percent at 5,667.50. South Korean markets were closed for the
Memorial Day holiday. Hong Kong's Hang Seng edged up 0.5 percent to 25,997.14,
while the Shanghai Composite rose 0.3 percent to 3,102.13. The Total Investment & Insurance
Solutions
ENERGY: Benchmark U.S. crude fell 12 cents to
$47.28 a barrel. It fell 26 cents to $47.40 a barrel in New York on Monday.
Brent crude, used to price international oils, slipped 14 cents to $49.33 a
barrel in London. The Total Investment
& Insurance Solutions
CURRENCIES: In currency trading, the euro
fell to $1.1257 from $1.1276 late Monday. The dollar weakened to 109.39 yen
from 110.48 yen.The Total Investment
& Insurance Solutions
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