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18 September 2017
 |
| China financial markets (The Total Investment & Insurance Solutions) |
Global stock markets edged up on Monday as investors looked ahead to a
U.S. Federal Reserve meeting and U.S. President Donald Trump's speech at the
United Nations. The Total Investment
& Insurance Solutions
KEEPING SCORE: Germany's DAX rose 0.3 percent
to 12,549 and France's CAC 40 gained 0. 2 percent to 5,226. London's FTSE 100
added 0.4 percent to 7,246. On Wall Street, the futures for the Dow Jones
industrial average and for the Standard & Poor's 500 were up 0.2 percent.
FED WATCH: Investors are looking ahead to
this week's Fed policy meeting for indications on the timing of the next rate
hike and when the Fed might start shrinking its multitrillion-dollar stockpile
of bonds. Forecasters expect the Fed to leave rates unchanged and stick to
plans to raise rates in December. Investors also are looking for indications of
when and how central bankers will start selling off bonds bought to shore up
economic growth after the 2008 crisis.
NORTH KOREA: Markets are also watching
Trump's U.N. speech on Tuesday for any mention of military options on North
Korea following its latest missile launch. The Security Council criticized
Friday's launch over Japan as "highly provocative." Washington's
ambassador to the United Nations, Nikki Haley, said Sunday that North Korea
will be destroyed if it continues with reckless behavior.
ANALYST'S TAKE: "On the political front,
no prizes for guessing that North Korea will top the agenda of President
Trump's address to the gathering of world leaders at the U.N.," Rob
Carnell of ING said in a report. "The political heat will also rise in
Germany and New Zealand ahead of weekend elections. There could also be some
more political action in Japan before long, as the media is suggesting that
(Prime Minister Shinzo) Abe may call a snap election next month amid his rising
approval rating and fragile opposition."
CENTRAL BANK WATCH: In Europe, investors are
monitoring a speech by Bank of England Governor Mark Carney for confirmation
that the bank expects to raise interest rates in coming months for the first
time in a decade. Central banks are also due to hold policy meetings in Japan,
Taiwan, Philippines and Indonesia. The Reserve Bank of Australia is due to
release minutes of its meeting earlier this month. All are expected to leave
policy unchanged but forecasters expect Australian policymakers to strike a
more hawkish tone following stronger recent economic activity. The Total Investment & Insurance
Solutions
ASIA'S DAY: The Shanghai Composite Index
gained 0.3 percent to 3,362.86 and Hong Kong's Hang Seng added 1.3 percent to
28,159.77. Japanese markets were closed for a holiday. Seoul's Kospi advanced
1.3 percent to 2,418.21 and Sydney's S&P-ASX 200 added 0.4 percent to
5,720.60. India's Sensex gained 0.6 percent to 32,472.62. Benchmarks in Taiwan,
Singapore and Bangkok rose while New Zealand and Taiwan declined. The Total Investment & Insurance
Solutions
CURRENCY: The dollar rose to 111.39 yen from
Friday's 110.82 yen. The euro was up at $1.1945 from $1.1928. The pound, which
had surged last week when the Bank of England hinted a rate increase was
coming, was at $1.3544, from $1.3592.
ENERGY: Benchmark U.S. crude fell 36 cents to
$49.53 per barrel in electronic trading on the New York Mercantile Exchange. It
closed Friday unchanged at $49.89. Brent crude, used to price international
oils, dropped 37 cents to $55.25 in London. It added 15 cents on Friday.The Total Investment & Insurance
Solutions
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