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10 August 2017
 |
| Japan financial markets (The Total Investment & Insurance Solutions) |
Escalating tensions over North Korea's nuclear ambitions rattled
investors Thursday, pulling global stock benchmarks lower. The Total Investment & Insurance
Solutions
KEEPING SCORE: Germany's DAX fell 0.7 percent to 12,068 and the CAC 40
of France lost 0.3 percent to 5,133. Britain's FTSE 100 sank 1.1 percent to
7,414. Futures pointed to further declines on Wall Street, with S&P 500
futures down 0.4 percent and Dow futures falling 0.3 percent.
NORTH KOREA: President Donald Trump warned North Korea of "fire and
fury" this week in response to recent threats from Pyongyang, which said
it was examining plans for attacking Guam, a U.S. territory in the Pacific with
a military base. Trump's comments followed reports the North has mastered a
technology needed to strike the United States with a nuclear missile.
THE QUOTE: "Risk-averse sentiment is dominating global equities
markets, and U.S. indices have retraced from record levels over the last two
days. Although it is considered highly unlikely that this tension will escalate
into a nuclear war, the market still needs to see how President Trump will
eventually deal with his advocating 'fire and fury' against North Korea's
threat," said Margaret Yang Yan, market analyst at CMC Markets Singapore. The Total Investment & Insurance
Solutions
ASIA'S DAY: Japan's benchmark Nikkei 225 inched down less than 0.1
percent to finish at 19,729.74. Australia's S&P/ASX 200 edged down nearly
0.1 percent to 5,760.90, while South Korea's Kospi fell 0.5 percent to
2,357.84. Hong Kong's Hang Seng dipped 1.1 percent to 27,444.00. The Shanghai
Composite slipped 0.4 percent to 3,261.75. The Total Investment & Insurance Solutions
JAPAN MACHINERY DISAPPOINTS: Orders for machinery in June, considered a
leading economic indicator, were slower than analysts had forecast and at their
weakest since May 2016. Orders fell 4.7 percent from the previous quarter in
April-June, suggesting demand is weaker than expected, though economists say
the outlook for coming months is more upbeat.
ENERGY: Benchmark U.S. crude gained 39 cents to $49.95 a barrel in
electronic trading on the New York Mercantile Exchange. It added 39 cents to
$49.56 a barrel overnight. Brent crude, used to price international oils, added
59 cents to $53.29. The Total
Investment & Insurance Solutions
CURRENCIES: The dollar slipped to 109.78 yen from 110.06 late Wednesday
in Asia. The euro fell to $1.1728 from $1.1757.The Total Investment & Insurance Solutions
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