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19 September 2017
 |
| Japan financial markets (The Total Investment & Insurance Solutions) |
Global stock markets traded in fairly narrow ranges Tuesday as investors
paused for breath, a day after U.S. stock markets struck a record high and
geared up for the latest interest rate decision from the U.S. Federal Reserve.
KEEPING SCORE: In Europe, France's CAC 40 was
up 0.1 percent at 5,234 while Germany's DAX was 0.1 percent lower at 5,234. The
FTSE 100 index of leading British shares rose 0.4 percent to 7,278. U.S. stocks
were poised for a steady opening with Dow futures and the broader S&P 500
futures up 0.1 percent. On Monday, the two benchmark U.S. indexes extended
gains, albeit modestly, to close at record highs. The Total Investment & Insurance Solutions
THE FED: The consensus in markets is that the
Fed will hold off from raising interest rates again but indicate that another
increase could come in December. But traders will be listening for any
indications the central bank could move sooner. The Total Investment & Insurance Solutions
ANALYST TAKE: "While we're not expecting
any surprises out of the meeting, in terms of another rate hike for example, we
should learn a lot about how the Fed plans to tighten monetary policy going
forward and that will determine how U.S. yields and the dollar respond,"
said Craig Erlam, senior market analyst at OANDA. The Total Investment & Insurance Solutions
CURRENCIES: In the run-up to the decision,
the dollar was largely steady, with the euro up 0.2 percent to $1.1974. Against
the Japanese yen, the dollar was 0.1 percent lower at 111.48 yen.
ASIA'S DAY: Japan's benchmark Nikkei 225
added nearly 2.0 percent to finish at 20,299.38, coming off a national holiday
on Monday. Australia's S&P/ASX 200 edged down 0.1 percent to 5,713.60.
South Korea's Kospi lost nearly 0.1 percent to 2,416.05. Hong Kong's Hang Seng
fell nearly 0.4 percent to 28,051.41, while the Shanghai Composite dipped 0.2
percent to 3,356.84.
ENERGY: Benchmark U.S. crude rose 36 cents to
$50.27 a barrel while Brent crude, used to price international oils, advanced
17 cents to $55.67.The Total Investment
& Insurance Solutions
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