Contact Your Financial Adviser Money Making MC
8 December 2017
 |
South korea financial market
(The Total Investment & Insurance Solutions)
Strong U.S. jobs figures combined with progress in Britain's talks to
leave the European Union and hopes surrounding the formation of the next German
government to shore up global stock markets on Friday.
KEEPING SCORE: In Europe, Britain's FTSE 100 was up 0.7 percent to 7,370
while Germany's DAX added 1.1 percent to 13,182. The CAC 40 of France rose 0.3
percent to 5,303. U.S. stocks were poised for solid gains at the open with Dow
futures and the broader S&P 500 futures up 0.3 percent.
US JOBS: U.S. employers added a robust 228,000 jobs in November, a sign
of the job market's enduring strength in its ninth year of economic recovery.
And the unemployment rate remained at a 17-year low of 4.1 percent, the Labor
Department reported. The figures have reinforced expectations that the Federal
Reserve will not only raise interest rates again next week and that there could
be another three or four rate hikes next year too.
ANALYST TAKE: "An accompanying pick-up in wages, however, could
also prove a portent of higher inflation, with taller interest rates surely on
the horizon over the coming months," said Dennis de Jong, managing
director at UFX.com.
BREXIT: British Prime Minister Theresa May announced that an agreement
between Britain and the European Union guarantees the rights of 3 million EU
citizens in the U.K. and 1 million Britons elsewhere in the bloc. It also
ensures there will be no hard border between Northern Ireland and the Republic
of Ireland after Brexit. The European Union's chief negotiator welcomed the
breakthrough but said there was still work to be done.
GERMANY POLITICS: Germany's center-left Social Democrats have agreed to
open talks with Chancellor Angela Merkel's conservatives on whether to renew
their governing coalition or at least to support a minority government. Party
leader Martin Schulz, Merkel's defeated challenger in Germany's Sept. 24
election, secured a party congress's agreement to a motion calling for talks on
"whether and in what form" the party could support a new government.
ASIA'S DAY: Japan's benchmark Nikkei 225 index rose 1.4 percent to
22,811.08, while South Korea's Kospi eked out a 0.1 percent gain to 2,464.00.
Hong Kong's Hang Seng rose 1.2 percent to 28,639.85 and the Shanghai Composite
in mainland China added 0.6 percent to 3,289.99. Australia's S&P/ASX 200
climbed 0.3 percent to 5,994.40. The
Total Investment & Insurance Solutions
ENERGY: Oil futures retreated. Benchmark U.S. crude climbed 89 cents to
$57.58 a barrel in electronic trading on the New York Mercantile Exchange while
Brent crude, the international standard, picked up 93 cents to $63.12 a barrel
in London.
CURRENCIES: The euro fell 0.2 percent to $1.1751 while the dollar rose
0.2 percent to 113.34 yen.The Total
Investment & Insurance Solutions
No comments:
Post a Comment