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24 October 2017
 |
Japan financial markets (The Total Investment & Insurance
Solutions)
Global stock markets rose Tuesday on upbeat corporate earnings and
economic data globally. Tokyo's benchmark Nikkei 225 extended a post-World War
II record by logging its 16th straight trading session of gains. The Total Investment & Insurance
Solutions
KEEPING SCORE: Germany's DAX rose 0.3 percent
to 13,044 and France's CAC-40 gained 0.4 percent to 5,409. The FTSE 100 in
London gained 0.1 percent to 7,531. On Wall Street, the future for the Dow
Jones industrial average rose 0.6 percent while the Standard & Poor's 500
futures were up 0.2 percent.
GROWTH DATA: A survey in the eurozone showed
its economy continued to grow at a fast pace in October and that companies were
hiring at their fastest pace in a decade. The manufacturing sector in
particular saw good growth in France and Germany. In Japan, a survey of
manufacturers showed activity weakened but still grew relatively strongly and
exports rising.
EARNINGS: Corporate reports were positive
from McDonald's as well as from automakers General Motors and Fiat Chrysler.
McDonald's made third-quarter earnings of $1.88 billion, which beat
expectations. Though GM posted a huge paper loss last quarter, that was due to
charges from the sale of its European unit. Without that, it made an
above-expectation $2.5 billion before taxes. Fiat Chrysler saw net profit rise
50 percent and maintained its outlook.
ASIA'S DAY: Tokyo's Nikkei 225 index climbed
0.5 percent to 21,805.17 and the Shanghai Composite Index gained 0.2 percent to
3,388.25. Hong Kong's Hang Seng lost 0.5 percent to 28,154.97 while Sydney's
S&P-ASX 200 was little-changed at 5,897.60. Seoul's Kospi was unchanged at
2,490.49 and India's Sensex advanced 0.3 percent to 32,594.62. Benchmarks in
Taiwan, Bangkok and Jakarta rose while New Zealand and Singapore retreated. The Total Investment & Insurance
Solutions
CHINA POLITICS: China's ruling Communist
Party is preparing to appoint President Xi Jinping this week to a second
five-year term as leader and unveil a new ruling inner circle around him. After
spending his first term cementing his status as China's most powerful leader
since Deng Xiaoping in the 1980s, Xi is widely expected to shift focus to
economic policy. In a speech last week, Xi promised to promote entrepreneurial
activity but also affirmed party ambitions to build up state-owned companies
that dominate banking, energy and other industries. Five of the seven members
of the party's Standing Committee are due to retire under informal age limits,
clearing the way for Xi to promote allies.
ENERGY: Benchmark U.S. crude gained 25 cents
to $52.15 per barrel in electronic trading on the New York Mercantile Exchange.
The contract rose 6 cents on Monday. Brent crude, used to price international
oils, gained 18 cents to $57.55 in London. It fell 38 cents the previous
session. The Total Investment &
Insurance Solutions
CURRENCY: The dollar rose to 113.90 yen from
Monday's 113.43 yen. The euro gained to $1.1760 from $1.1749.The Total Investment & Insurance
Solutions
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