Contact Your Financial Adviser Money Making MC
8 September 2017
 |
| Japan financial markets (The Total Investment & Insurance Solutions) |
Global stock markets traded in narrow ranges Friday as sentiment was
kept in check by worries over Hurricane Irma and developments surrounding North
Korea. The Total Investment &
Insurance Solutions
KEEPING SCORE: In Europe, the FTSE 100 index
of leading British shares was down 0.4 percent at 7,364, while Germany's DAX
was steady at 12,296. The CAC 40 was 0.3 percent lower at 5,101. U.S. stocks
were poised for a lower opening, with Dow futures and the S&P 500 futures
both down 0.3 percent.
NORTH KOREA: Worries over North Korea have
been elevated over the past few weeks after Pyongyang has launched a series of
missile tests. This weekend is a particular source of worry as the country
celebrates its founding anniversary. North Korea has previously marked key
dates with displays of military power, but now its tests appear to be driven by
the need to improve missile capabilities.
ANALYST TAKE: "Risk aversion is creeping
back into the markets as traders prepare for what could be another troubling
weekend in the ongoing standoff between the U.S. and North Korea," said
Craig Erlam, senior market analyst at OANDA. The Total Investment & Insurance Solutions
HURRICANE DAMAGE: Also weighing on sentiment
is the huge damage caused by Hurricane Irma, which has slammed the north
Caribbean and is projected to reach Florida. The first hurricane warnings for
parts of southern Florida have been issued, as the state braced for what could
be a catastrophic hit over the weekend. Following in Irma's wake was Hurricane
Jose, with some of the islands hit hardest by Irma in its expected path.
ASIA'S DAY: Japan's benchmark Nikkei 225
closed 0.6 percent lower at 19,274.82 after the country's growth rate was
revised lower. Australia's S&P/ASX 200 fell 0.3 percent to 5,672.60. South
Korea's Kospi lost 0.1 percent to 2,343.72. Hong Kong's Hang Seng added 0.5
percent to 27,668.47, while the Shanghai Composite was little changed at
3,365.24. The Total Investment &
Insurance Solutions
JAPAN ECONOMY: The Japanese economy grew at a
slower pace in the April-June quarter, not the surprisingly strong spurt
indicated by an earlier estimate, according to revised government data. The
Cabinet Office said the gross domestic product or GDP — the total value of a
nation's goods and services — grew at an annualized rate of 2.5 percent. That
second preliminary reading is a dramatic adjustment from the first, released
last month, of 4 percent growth.
ENERGY: Benchmark U.S. crude shed 18 cents to
$48.91 a barrel while Brent crude, used to price international oils, gained 12
cents to $54.61 a barrel in London. The
Total Investment & Insurance Solutions
CURRENCIES: The euro was up 0.3 percent at
$1.2064 while the dollar slid 1 percent to 17.39 yen.The Total Investment & Insurance Solutions
No comments:
Post a Comment