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15 January 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global stock markets were mostly lower on Monday as the dollar weakened
across the board, pinching the outlook for export-driven regions like Europe.
The U.S. was due to remain closed for a holiday.
KEEPING SCORE: Britain's FTSE 100 shed 0.1 percent to 7,771 while
Germany's DAX fell 0.3 percent to 13,201. France's CAC 40 dropped 0.1 percent
to 5,510. U.S. markets were due to remain closed for a holiday.
DOLLAR: The dollar fell in value against most currencies, extending
losses this year. Some economists attribute it to optimism about economic
growth in regions like Europe and Japan, where central banks are getting closer
to easing off their bond-buying stimulus programs, which have weighed on their
currencies in the past. A stronger euro and yen, in turn, tends to weigh on
many stocks in Europe and Japan, which are export-focused economies.
The dollar slipped to 110.65 Japanese yen from 111.04 yen the previous
trading day. The euro strengthened to $1.2271 from $1.2199.
ASIA'S DAY: Asian markets except China mostly finished with modest
gains. Japan's Nikkei 225 rose 0.3 percent to 23,714.88 and South Korea's Kospi
added 0.3 percent to 2,503.73. Hong Kong's Hang Seng index dipped 0.2 percent
to to 31,338.87 and China's Shanghai Composite Index slipped 0.5 percent to
3,410.49. Australia's S&P/ASX 200 inched up 0.1 percent to 6,077.10. Stocks
in Taiwan and Southeast Asia were moderately higher.
CHINA RISK: Shares slipped in Shanghai and Shenzhen after the China
Banking Regulatory Commission issued a notice over the weekend calling for
stricter oversight over financial risks. The notice took aim at preventing
banks from shifting funds into stocks, property investments, local government
financing vehicles and industries that violate national policies on pollution
or excess capacity, among other areas of concern.
OIL: Benchmark U.S. crude lost 5 cents to $64.25 per barrel in
electronic trading on the New York Mercantile Exchange. The contract rose 50
cents the previous session. Brent crude, the international standard, fell 17
cents to $69.70 per barrel.The Total
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