Contact Your Financial Adviser Money Making MC
27 July 2017
 |
Japan financial markets (The Total Investment & Insurance
Solutions)
Global stocks were mixed on Thursday as investors digested a raft of
corporate earnings results and the Federal Reserve's decision to pause its
slow-moving campaign to raise interest rates.
KEEPING SCORE: European markets lost early gains, with the CAC 40 of
France flat at 5,188 and Britain's FTSE 100 down 0.1 percent at 7,444.
Germany's DAX slipped 0.7 percent to 12,222. Dow and S&P 500 futures
pointed to a positive start on Wall Street, with both up 0.1 percent.
FEDERAL RESERVE: The Federal Reserve's meeting Wednesday ended with
officials saying it may begin paring the massive $4.5 trillion balance sheet it
built up following the financial crisis "relatively soon," which some
analysts took to mean September. The Fed also said that inflation will likely
remain below its target of 2 percent in the near term. The Total Investment & Insurance Solutions
EARNINGS: Company quarterly reports were on the whole upbeat. Despite
the arrest of its chief in a corruption scandal and the recalls and
discontinuation of fire-prone Galaxy Note 7 smartphones, Samsung Electronics
reported record high quarterly earnings thanks to booming demand for memory
chips. Germany's Volkswagen saw a doubling in its profit, largely putting the
costs of its diesel scandal behind it. But drugmaker AstraZeneca saw its shares
slide 15 percent after disclosing that a key cancer drug trial had
disappointed. Other companies that did well included Fiat Chrysler, AB Inbev
and Southwest Airlines, while Deutsche Bank, Nokia and Nestle were more
downbeat.
ASIA'S DAY: Japan's Nikkei 225 gained 0.2 percent to 20,079.64 and Hong
Kong's Hang Seng climbed 0.7 percent to 27,131.17. South Korea's Kospi added
0.4 percent to 2,443.24 and the S&P ASX 200 of Australia climbed 0.2
percent to 5,785.00. Taiwan's index climbed 0.9 percent after electronics maker
Foxconn announced a $10 billion investment in Wisconsin that is expected to
create 3,000 jobs. The Shanghai Composite index edged 0.1 percent higher to
3,249.78. Shares in Southeast Asia were mixed.
ENERGY: Benchmark U.S. crude fell back after topping $48 per barrel for
the first time in seven weeks overnight. It slipped 38 cents to $48.37 per
barrel in electronic trading on the New York Mercantile Exchange after surging
86 cents to $48.75 per barrel on Wednesday. Brent crude, the international
standard, fell 35 cents to $50.62 per barrel. The Total Investment & Insurance Solutions
CURRENCIES: The dollar edged up to 111.44 Japanese yen from 111.17 yen
on Wednesday. The euro rose to $1.1692 from $1.1637, and the British pound rose
to $1.3138 from $1.3117.The Total
Investment & Insurance Solutions
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