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26 July 2017
 |
| Japan stock markets (The Total Investment & Insurance Solutions) |
World stock markets rose Wednesday, lifted by generally positive
corporate earnings and as investors kept a cautious eye on the Fed's upcoming interest
rate decision.
KEEPING SCORE: In Europe, France's CAC 40
added 0.5 percent to 5,184 and Germany's DAX climbed 0.2 percent to 12,287.
Britain's FTSE 100 rose 0.4 percent to 7,461. U.S. shares were poised to open
higher. Dow futures were up 0.2 percent and the broader S&P 500 futures
edged up 0.1 percent.
FED IN FOCUS: The U.S. central bank's
policymaking committee is holding a two-day meeting, where most analysts expect
officials to keep rates unchanged. The Fed has already raised rates three times
since December and market watchers don't expect another hike until later this
year or in 2018.
ANALYST VIEW: "Investors most probably
will use this opportunity to closely scrutinize the policy statement for clues
on the Federal Reserve's tightening plan," said Lukman Otunuga, an analyst
at FXTM. He added that markets will also be looking for hints on how the Fed
plans to reduce its massive $4.5 billion in bond holdings and its view on
inflation.
EARNINGS SEASON: Investors are assessing the
latest round of quarterly earnings reports. Better than expected profits at
U.S. companies like McDonald's and Caterpilllar helped propel Wall Street to
another record day. On Wednesday, Ford and Coca-Cola also did better than
expected. Carmaker Daimler and drugs company GlaxoSmithKline did not do as
well. And in Asia, Nintendo Co.'s Switch hybrid game machine helped the
Japanese video-game maker swing into a $190 million profit from a loss from the
previous year. South Korean automaker Hyundai Motor's profit fell by half because
of weakness in its SUV lineup. The
Total Investment & Insurance Solutions
ASIA'S DAY: Japan's benchmark Nikkei 225
index climbed 0.5 percent to close at 20,050.16 but South Korea's Kospi index
slipped 0.2 percent to 2,434.51. Hong Kong's Hang Seng index added 0.3 percent
to 26,941.02 and the Shanghai Composite index edged up 0.1 percent to 3,247.67.
Australia's S&P/ASX 200 rallied 0.9 percent to 5,776.60. India's Sensex
gained 0.3 percent to 32,338.57 and benchmarks in Southeast Asia were mostly
higher. The Total Investment &
Insurance Solutions
ENERGY: The benchmark U.S. crude future added
50 cents to $48.39 a barrel in electronic trading on the New York Mercantile
Exchange. The contract rose $1.55, or 3.3 percent, to settle at $47.89 per
barrel on Tuesday. Brent crude, the international standard, gained 40 cents to
$50.60 a barrel in London.
CURRENCIES: The dollar weakened to 111.81 yen
from 111.91 yen late Tuesday. The euro slipped to $1.1646 from $1.1649.The Total Investment & Insurance Solutions
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