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8 February 2018
 |
| Hong kong financial markets (The Total Investment & Insurance
Solutions) |
Global shares were mixed with European stocks off to a weak start after
Asian markets mostly finished higher on Thursday. Investors appeared skittish
after this week's financial turmoil.
The Total Investment & Insurance Solutions
KEEPING SCORE: European markets were lower in early trading with
Britain's FTSE 100 down 0.5 percent to 7,243.02. France's CAC 40 dipped 0.3
percent to 5,238.50. Germany's DAX declined 0.7 percent to 12,506.55. Futures
showed Wall Street was due for a lackluster start. S&P futures added 0.2
percent while Dow futures rose 0.3 percent. The Total Investment & Insurance Solutions
ASIA'S DAY: Tokyo's Nikkei 225 index rose 1.1 percent to 21,890.86, but
the benchmark was still nearly 4 percent below where it started the year. South
Korea's Kospi gained 0.5 percent to 2,407.62. Hong Kong's Hang Seng index rose
0.4 percent to 30,451.27, while the Shanghai Composite index sank 1.4 percent
to 3,262.05. Australia's S&P/ASX 200 added 0.2 percent to 5,890.70. Stocks
in Taiwan were down slightly and Southeast Asian markets were mixed.
ANALYST'S VIEW: "Risk sentiment continues to be wobbly in markets,
with U.S. equities notching a loss at the close, while Brent prices fell
sharply to $65 overnight," Mizuho Bank said in a daily commentary.
BOUNCING BACK: Wynn Macau, the China arm of U.S. casino company Wynn
Resorts, jumped nearly 7 percent in Hong Kong after the company announced that
two executives are replacing Steve Wynn as chairman and CEO. The Wall Street
Journal reported last month that a number of women had accused Wynn of sexual
harassment or assault, and said Wynn paid $7.5 million to settle one such case.
Wynn has denied the accusations but said he was stepping down because they
prevented him from filling his corporate positions effectively.
U.S. BUDGET BATTLE: Uncertainty overshadowed the fitful market recovery
as Senate leaders brokered a long-sought budget agreement Wednesday that would
bring the Pentagon and domestic programs an extra $300 billion over the next
two years. Both Democratic liberals and GOP tea party forces were fighting the
plan, raising questions about its chances just a day before the latest
government shutdown deadline. The Total
Investment & Insurance Solutions
ENERGY: Benchmark U.S. crude lost 15 cents to $61.64 per barrel in
electronic trading on the New York Mercantile Exchange. The contract dropped
$1.60, or 2.5 percent, to finish at $61.79 a barrel on Wednesday. Brent crude,
the international standard for oil prices, dropped 15 cents to $65.36 per
barrel in London. It sank $1.35, or 2 percent, to finish at $65.51 a barrel in
the previous session.
CURRENCIES: The dollar strengthened to 109.73 yen from 109.36 yen. The
euro fell to $1.2235 from $1.2261.The
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