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8 January 2018
 |
| financial markets (The Total Investment & Insurance
Solutions) |
Global stock markets mostly rose Monday following a record-setting week
on Wall Street and as traders looked ahead to data releases from China, Japan
and the eurozone.
The Total Investment & Insurance Solutions
KEEPING SCORE: Germany's DAX rose 0.3 percent to 13,354 and France's CAC
40 gained 0.3 percent to 5,485. London's FTSE 100, however, was off 0.2 percent
at 7,709 amid expectations of a government cabinet reshuffle. On Wall Street,
where stocks have been on the longest new year winning streak in eight years,
the future for the Dow Jones industrial average was flat while the S&P 500
index was down 0.1 percent.
The Total Investment & Insurance Solutions
WEEK AHEAD: India reports trade on Wednesday, with forecasters expecting
solid gains, while China reports a flurry of data including inflation and bank
loan growth. The eurozone reports factory output growth on Thursday. On Friday,
China is due to release December trade, with a double-digit rise expected
following a weak 2017, while the United States reports monthly inflation.
ANALYST'S TAKE: "This is a big week of event risk," Chris
Weston of IG said in a report, pointing to emerging markets trade and U.S.
inflation. Weston said investors also are looking forward to U.S. earnings
later this week, but the picture is "a little more challenging" as
companies bring forward charges for repatriating cash under Washington's tax
changes. "This reporting season could be a catalyst, but it does promise
to be somewhat messier than prior quarters, not to mention sentiment towards
U.S. equities is already sky high."
ASIA'S DAY: The Shanghai Composite Index rose 0.5 percent to 3,409.48
and Hong Kong's Hang Seng gained 0.3 percent to 30,899.53. Seoul's Kospi
advanced 0.6 percent to 2,513.28 and India's Sensex added 0.5 percent to
34,338.08. Sydney's S&P-ASX 200 edged up 0.1 percent to 6,130.40 and
benchmarks in Taiwan and most of Southeast Asia also rose. New Zealand the
Philippines declined.
The Total Investment & Insurance Solutions
ENERGY: Benchmark U.S. crude gained 20 cents to $61.64 per barrel in
electronic trading on the New York Mercantile Exchange. The contract fell 57
cents on Friday. Brent crude, used to price international oils, rose 13 cents
to $67.75 in London. It fell 45 cents the previous session.
CURRENCY: The dollar edged down to 113.03 yen from Friday's 113.07 yen.
The euro declined to $1.1971 from $1.2032.The Total Investment & Insurance Solutions
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