Contact Your Financial Adviser Money Making MC
19 July 2017
 |
| Japan Financial Market (The Total Investment & Insurance Solutions) |
Global stock markets eked out some modest gains Wednesday as investors
turned their attention to upcoming central bank meetings in Japan and Europe. The Total Investment & Insurance Solutions
KEEPING SCORE: In Europe, Britain's FTSE 100
was up 0.2 percent at 7,405 while the CAC 40 of France rose 0.2 percent to
5,183. Germany's DAX was 0.1 percent higher at 12,444. Wall Street looked set
for a tepid start, with both the Dow futures and the broader S&P 500
futures unchanged.
CENTRAL BANKS: Amid a dearth of
market-driving news, investors are awaiting policy decisions Thursday from the
European Central Bank and the Bank of Japan. Few fireworks are expected. The
ECB is expected to tread softly as it inches toward scaling back its monetary
stimulus in the form of 60 billion euros ($69 billion) in monthly bond
purchases. Japan's central bank, likewise, is not expected to make any drastic
moves, given recent subdued data on inflation and consumer sentiment.
CHINA-US: Top economic officials of the
world's two biggest economies meet Wednesday in Washington for the first
session of the China-U.S. Comprehensive Dialogue. The outcome of the talks will
likely provide a sense of the direction relations will take as President Donald
Trump seeks to deliver on promises to reduce the U.S. trade deficit. The Total Investment & Insurance Solutions
ANALYST COMMENT: "With a lack of tier-1
data in the day, the market could find eyes shifting to the rebranded
U.S.-China Comprehensive Economic Dialogue today," Jingyi Pan of IG said
in a commentary. "It has been interesting to note that the U.S. had once again
exerted pressure ahead of the meeting highlighting expectations and the market
is expected to keep a keen eye on the event."
ASIA'S DAY: Japan's Nikkei 225 stock index
edged 0.1 percent higher to 20,020.86 and the Hang Seng in Hong Kong climbed
0.6 percent to 26,672.16. The S&P ASX 200 in Australia jumped 0.8 percent
to 5,732.10, while the Shanghai Composite index added 1.4 percent to 3,230.98.
South Korea's Kospi added 0.2 percent to 2,429.94. Shares in Southeast Asia
were mixed.
CURRENCIES: The euro was down 0.2 percent at
$1.1527 while the dollar was unchanged at 112 yen.
ENERGY: Benchmark U.S. crude rose 16 cents to
$46.56 a barrel in electronic trading on the New York Mercantile Exchange,
while Brent crude, the international standard, gained 23 cents to $49.07 per
barrel.The Total Investment &
Insurance Solutions
No comments:
Post a Comment