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16 June 2017
 |
World Stocks (The Total Investment & Insurance
Solutions)
World stocks mostly rose Friday after Japan's central bank kept intact
its ultra-lax monetary policy and Greece got a new deal to receive money and
ease its debt burden. The Total
Investment & Insurance Solutions
KEEPING SCORE: France's CAC 40 added 0.7
percent to 5,251 and Germany's DAX climbed 0.3 percent to 12,726. Britain's
FTSE 100 gained 0.5 percent to 7,458. Wall Street was poised to open higher,
with Dow and S&P 500 futures both up 0.1 percent. The Total Investment & Insurance Solutions
BANK OF JAPAN: The Bank of Japan noted signs
of improvement in the world's third-largest economy and said it expected demand
to accelerate, supporting a "moderate expansion." But it said
inflation expectations were weakening, suggesting it sees no need to wind back
its massive monetary stimulus. The central bank kept its key interest rate at
minus 0.1 percent. The Total Investment
& Insurance Solutions
GREENBACK STRENGTH: The dollar maintained its
recent gains, helped by the BOJ's decision as well as the Federal Reserve's
move this week to raise its key interest rate for the third time in half a year
and trim its bond holdings on signs that the U.S. economy continues to improve.
The dollar rose to 111.31 yen from 110.92 yen in late trading Thursday while
the euro climbed to $1.1180 from $1.1147.
QUOTEWORTHY: "With inflation set to
undershoot the bank's projections by a wide margin, the chances of policy
tightening remain slim," Marcel Thieliant of Capital Economics wrote in a
commentary. "It came as no surprise that the Bank of Japan decided earlier
today to leave policy settings unchanged."
GREEK BAILOUT: Investors sentiment in Europe
was supported by a deal between Greece and its eurozone creditors late
Thursday. The agreement clears the way for the release of another 8.5 billion
euros ($9.5 billion) in rescue money, which means the country won't face the
risk of bankruptcy next month, when it has a big debt repayment due. Greece
also secured promises that its debt repayments will be eased soon. The main
Athens stock index rose 1.5 percent to a two-year high. The Total Investment & Insurance Solutions
ASIA'S DAY: Japan's Nikkei 225 stock index
rose 0.6 percent to close at 19,943.26 but South Korea's Kospi finished
practically unchanged at 2,361.83. Hong Kong's Hang Seng rebounded 0.2 percent
to 25,626.49 after dropping more than 1 percent the day before while the
Shanghai Composite lost 0.3 percent to 3,123.17. Australia's S&P/ASX 200
edged up 0.2 percent to 5,774.00. Taiwan's index rose and Southeast Asian
benchmarks were mixed.
ENERGY: Oil futures bounced back after
sliding to a seven-month low. Benchmark U.S. crude rose 38 cents to $44.84 a
barrel in electronic trading on the New York Mercantile Exchange. Brent crude,
used to price international oils, climbed 57 cents to $47.49 a barrel in London.The Total Investment & Insurance
Solutions
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