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7 August 2017
 |
| Japan financial markets (The Total Investment & Insurance Solutions) |
World stock benchmarks were mixed on Monday as investors gauged whether
the dollar will recover from a summer drop and a boost from last week's strong
U.S. jobs report faded.The Total
Investment & Insurance Solutions
KEEPING SCORE: Germany's DAX fell 0.5 percent
to 12,232 while the FTSE 100 in Britain edged 0.2 percent higher to 7,522.
France's CAC 40 shed 0.1 percent to 5,199. U.S. futures point to small gains on
the open for Wall Street, with Dow and S&P 500 futures both gaining 0.1
percent.
WALL STREET: U.S. stock markets have been
buoyant, leading gains globally in the past few weeks, amid mostly upbeat
corporate earnings. Also helping was a weakening dollar, which tends to push up
the share price of exporting American companies. The dollar recovered somewhat
on Friday, however, after the official U.S. jobs report came in strong, showing
employers had added 209,000 jobs in July. The Total Investment & Insurance Solutions
DOLLAR: The U.S. dollar climbed to 110.84 on
Monday from 110.08 yen on Friday. It weakened, however, against the euro, which
climbed to $1.1801 from $1.1774. The euro was below $1.06 as recently as April,
before the dollar began weakening steadily. The Total Investment & Insurance Solutions
ANALYST VIEWPOINT: The "big talking
point on the trading floors over the weekend and this morning" is whether
the dollar's months-long decline is over and what that means for other markets,
said Chris Weston, analyst at brokerage IG. "The question then is will we
see follow through buying in the U.S. dollar this week?" The Total Investment & Insurance
Solutions
ASIA'S DAY: Hong Kong's Hang Seng index added
0.5 percent to 27,690.36 and South Korea's Kospi was up 0.1 percent at
2,398.75. The S&P ASX 200 in Australia rose 0.9 percent to 5,773.60, while
the Shanghai Composite index reversed earlier losses to climb 0.5 percent,
ending at 3,279.46. India's Sensex slipped 0.2 percent to 32,255.74. Taiwan's
benchmark jumped 0.7 percent, and shares in Southeast Asia were mostly lower. The Total Investment & Insurance
Solutions
ENERGY: Benchmark U.S. crude shed 47 cents to
$49.11 per barrel in electronic trading on the New York Mercantile Exchange. It
added 55 cents, or 1.1 percent, to $49.58 per barrel on Friday. Brent crude,
the international standard, lost 53 cents, to $51.89 a barrel.The Total Investment & Insurance
Solutions
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