Contact Your Financial Adviser Money Making MC
25 October 2017
 |
| South Korea stock markets (The Total Investment & Insurance Solutions) |
Global stock markets were mixed Wednesday amid another string of strong
corporate earnings reports and as investors keep an eye out for news about the
next U.S. Federal Reserve chair.
KEEPING SCORE: Britain's FTSE 100 slipped 0.5
percent to 7,492 after the country's economic growth was reported to be
slightly strong than expected in the third quarter. That is more likely to lead
to an interest rate increase next month. France's CAC 40 added 0.2 percent to
5,406 and Germany's DAX edged 0.1 percent lower to 13,003. Futures augured a
weak start on Wall Street. S&P and Dow futures both shed 0.1 percent.
EARNINGS: Coca-Cola, payments company Visa
and plane maker Boeing all reported earnings above analysts' expectations.
South Korean panel supplier LG Display, a supplier to Apple, said its net
income rose 150 percent jump and drugs maker GSK saw its sales rise 4 percent.
Their results add to mostly upbeat reports from major U.S., European and Asian
companies for the third quarter, reinforcing views that developed economies are
powering ahead.
FED HEAD: President Donald Trump is polling
Republican senators for advice as he nears a decision to name a new chair of
the Fed. Current Fed Chair Janet Yellen, Fed board member Jerome Powell and
Stanford University economist John Taylor are among the candidates said to be
under consideration.
ANALYST'S TAKE: "Markets are bracing for
an announcement for the next Fed Chair soon," Mizuho Bank said in a daily commentary.
Taylor advocates higher interest rates and his nomination would be perceived to
be "a hawkish risk," it said.
ASIA'S DAY: Japan's was the only major Asian
index in the red as investors locked in gains. The Nikkei 225 index fell 0.5
percent to 21,707.62, the first daily loss after 16 straight days of moderate
gains — the longest run since World War II. South Korea's Kospi added 0.1
percent to 2,492.50. Hong Kong's Hang Seng gained 0.5 percent to 28,302.89. The
Shanghai Composite Index climbed 0.3 percent to 3,396.90. Australia's
S&P/ASX 200 added 0.1 percent to 5,905.60.
OIL: Benchmark U.S. crude shed 18 cents to
$52.29 per barrel in electronic trading on New York Mercantile Exchange. The
contract jumped 57 cents on Tuesday. Brent crude, used to price international
oils, rose 3 cents to $58.36 per barrel in London. It surged 96 cents on
Tuesday.
CURRENCIES: The pound was the biggest mover
in currency markets, jumping over a cent to $1.3250 on increased expectations
of an interest rate increase next month. The dollar rose to 114.16 yen from
113.91 yen. The euro strengthened to $1.1778 from $1.1762.The Total Investment & Insurance
Solutions
No comments:
Post a Comment