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24 August 2017
South korea stock markets (The Total Investment & Insurance
Solutions)
Global stock markets were solid Thursday as investors awaited speeches
by the world's top central bankers at Jackson Hole, Wyoming. The Total Investment & Insurance
Solutions
KEEPING SCORE: In Europe, Britain's FTSE 100 rose 0.5 percent to 7,420.
France's CAC 40 advanced 0.2 percent to 5,123 while Germany's DAX was up 0.3
percent at 12,222. Wall Street was headed for a solid opening with Dow futures
and the broader S&P 500 futures up 0.2 percent. The Total Investment & Insurance Solutions
FED WATCH: Federal Reserve Chair Janet Yellen and other central bankers
will assess the global economy at this week's annual conference in Jackson
Hole, Wyoming. Yellen and European Central Bank President Mario Draghi are due
to speak on Friday. No major policy changes are anticipated but traders remain
cautious.
ANALYST TAKE: "Financial assets, whether it's equities, currencies,
or fixed income, are trading in very tight ranges, and I expect such moves to
continue throughout the day," said FXTM Chief Market Strategist, Hussein
Sayed. "With the lack of tier one economic data, investors are bracing for
some hints from the annual central bank gathering at Jackson Hole." The Total Investment & Insurance
Solutions
ASIA'S DAY: Asian markets finished mixed. Japan's Nikkei 225 slipped 0.4
percent to 19,353.77 but South Korea's Kospi rose 0.4 percent to 2,375.84. Hong
Kong's Hang Seng index advanced 0.4 percent to 27,518.60 while the Shanghai
Composite Index fell 0.5 percent to 3,271.51. Australia's S&P ASX 200 added
0.1 percent to 5,745.50. Stocks in Southeast Asia were mixed. The Total Investment & Insurance
Solutions
OIL: Benchmark U.S. crude oil fell 19 cents to $48.22 per barrel in
electronic trading on the New York Mercantile Exchange while Brent crude, the
international pricing standard, fell 15 cents to $52.42 per barrel in London.
CURRENCIES: The euro was down 0.1 percent at $1.18 while the dollar rose
0.3 percent to 109.39 yen.The Total
Investment & Insurance Solutions
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