Contact Your Financial Adviser Money Making MC
3 July 2017
 |
| Global stock markets (The Total Investment & Insurance Solutions) |
KEEPING SCORE: France's CAC-40 gained 1
percent to 5,172 and Germany's DAX added 0.6 percent to 12,395. London's FTSE
100 advanced 0.3 percent to 7,334. On Wall Street, futures for the Dow Jones
industrial average and the Standard & Poor's 500 index were both up 0.3
percent.
MANUFACTURING: The Japanese central bank's
Tankan survey of large manufacturers found they believe business conditions are
improving and plan to increase investment as export demand recovers. A separate
survey of factory purchasing managers also indicated the outlook improved in
June for the 10th straight month. A similar report on the U.S. manufacturing
sector is due later in the day and will be monitored by investors gauging the
government's success in boosting the industrial sector.
ANALYST'S TAKE: The Tankan "yielded
surprisingly positive results," said Jingyi Pan of IG. "Both large
manufacturers' index and outlook had surprised on the upside."
ASIA'S DAY: The Shanghai Composite Index rose
0.1 percent to 3,195.91 and Tokyo's Nikkei 225 added 0.1 percent to 20,055.80.
Hong Kong's Hang Seng was unchanged at 25,776.71 and Sydney's S&P-ASX 200
shed 0.6 percent to 5,684.50. Seoul's Kospi added 0.1 percent to 2,394.48 and
India's Sensex gained 0.8 percent to 31,167.18. Benchmarks in Taiwan, Bangkok
and Manila gained while New Zealand and Singapore fell. The Total Investment & Insurance Solutions
KOREAN EXPORTS: Exports in June rose but the
gains were overshadowed by President Donald Trump's demand to renegotiate a
2012 trade agreement. Exports increased by 13.7 percent over a year earlier,
driven by sales of electronics and ships. Growth was faster than May but below
forecasts. The trade surplus widened to $11.4 billion. Korean analysts warn,
however, that the trade outlook is clouded by Trump's demand Friday during a
visit to Washington by his Korean counterpart, Moon Jae-in, for changes to a
trade agreement that he said would be aimed at narrowing the U.S. trade deficit
with South Korea. The Total Investment
& Insurance Solutions
ENERGY: Benchmark U.S. crude gained 15 cents
to $46.19 per barrel in electronic trading on the New York Mercantile Exchange.
The contract soared $1.11 on Friday. Brent crude, used to price international
oils, rose 11 cents to $48.88 in London. It jumped $1.14 the previous session.
CURRENCY: The dollar rose to 112.98 yen from
Friday's 112.34 yen. The euro declined to $1.1367 from $1.1427.The Total Investment & Insurance
Solutions
No comments:
Post a Comment