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1 September 2017
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| Japan financial markets (The Total Investment & Insurance Solutions) |
Global stock markets remained firm Friday despite slightly worse than
expected U.S. jobs data. The figures were not disappointing enough to alter
underlying assumptions about the state of the U.S. economy or the pace of
upcoming rate hikes from the Federal Reserve. The Total Investment & Insurance Solutions
KEEPING SCORE: In Europe, France's CAC 40 was up 0.6 percent at 5,118
while Germany's DAX advanced 0.6 percent to 12,126. Britain's FTSE 100 rose 0.3
percent to 7,450. U.S. shares were also set for a solid opening with Dow
futures and the broader S&P 500 futures up 0.2 percent.
US JOBS: Government figures showed U.S. job growth slowed in August as
employers added 156,000 jobs. That was slightly below market expectations of
180,000. However, August is traditionally a difficult month for statisticians
given the large amounts of seasonal labor so the sluggish result had little
impact in markets. The figures often set the market tone for a week or two
after their release. Upbeat figures Thursday from private payrolls firm ADP had
ratcheted up expectations for the official government data.
ANALYST TAKE: "This data adds another layer of intrigue as to
whether the Fed will hike interest rates again before the end of the
year," said Dennis de Jong, managing director at UFX.com. "A stronger
than expected reading would have made that almost a certainty, now it's very
much up in the air."
DOLLAR: There was little change in the dollar after the payrolls figure.
The euro was up 0.1 percent at $1.920 while the dollar was 0.1 percent lower
109.88 yen. The Total Investment &
Insurance Solutions
ASIA'S DAY: Japan's benchmark Nikkei 225 edged up 0.2 percent to finish
at 19,691.47, while Australia's S&P/ASX 200 added nearly 0.2 percent to
5,724.60. South Korea's Kospi lost 0.2 percent to 2,357.69. Hong Kong's Hang
Seng was little changed at 27,969.38. The Shanghai Composite rose 0.2 percent
to 3,367.12.
ENERGY: Benchmark U.S. crude slipped 18 cents to $47.05 a barrel, while
Brent crude, used to price international oils, fell 23 cents to $52.63 a barrel
in London.The Total Investment &
Insurance Solutions
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