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4 June 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global stock markets rose Monday on continued optimism over last week's
upbeat U.S. jobs report, and despite an impasse between Beijing and Washington
over trade. The Total Investment &
Insurance Solutions
KEEPING SCORE: Germany's DAX rose 0.1 percent to 12,735 and France's CAC
40 added 0.3 percent to 5,483. Britain's FTSE 100 climbed 0.8 percent to 7,763.
Wall Street was poised to open higher, with Dow futures up 0.5 percent and
broader S&P 500 futures up 0.3 percent.
MORE U.S. JOBS: Investors sentiment has been bolstered by the report on
Friday that U.S. employers added a robust 233,000 jobs in May, up from 159,000
in April. That helped drive the nation's unemployment rate to an 18-year low of
3.8 percent. Markets rose on Friday and into the new week on hopes that the
world's largest economy is powering ahead despite uncertainties over global
trade.
ITALIAN LEADERSHIP: Populists took power in Italy for the first time on
Friday as its new leaders commemorated the founding of the Italian republic by
attending a pomp-filled military parade. The European Union will face a whole
new partner governing its fourth-largest economy, but the last-minute formation
of Italy's new government erased fears that a referendum may see the country
leaving the euro bloc for good. The
Total Investment & Insurance Solutions
CHINA'S WARNING: Raising the likelihood of a trade war, China said
Sunday that it won't step up purchases of American products if President Donald
Trump taxes billions of dollars' worth of Chinese imports. In May, China had
promised to "significantly increase" its purchases of U.S. farm,
energy and other products. Treasury Secretary Steven Mnuchin said then that the
U.S. tariffs were suspended and the trade war "on hold." Trump has
since renewed his threat to impose 25 percent tariffs on $50 billion in Chinese
high-tech goods.
NORTH KOREAN SUMMIT BACK ON: After a week of hard-nosed negotiations,
diplomatic gamesmanship and no shortage of theatrics, President Donald Trump
announced Friday that the historic nuclear-weapons summit he had canceled with
North Korea's Kim Jong Un is back on. The June 12 meeting in Singapore, the
first between heads of the technically still-warring nations, is meant to begin
the process of ending North Korea's nuclear program.
ASIAN SCORECARD: Japan's benchmark Nikkei 225 index rose 1.4 percent to
22,475.94 and South Korea's Kospi gained 0.4 percent to 2,447.76. Hong Kong's
Hang Seng rallied 1.7 percent to 30,997.98 and the Shanghai Composite index
rose 0.5 percent to 3,091.19. Australia's S&P/ASX 200 gained 0.6 percent to
6,025.50. Taiwan's benchmark rose and Southeast Asian indexes were mostly
higher. The Total Investment &
Insurance Solutions
ENERGY: Oil futures dipped on speculation that OPEC countries may decide
to raise supply at a summit later this month. Benchmark U.S. crude fell 41
cents to $65.40 a barrel in electronic trading on the New York Mercantile
Exchange. The contract lost $1.23 to settle at $65.81 per barrel on Friday.
Brent crude, used to price international oils, fell $1.02 to $75.77 per barrel.
CURRENCIES: The dollar was steady at 109.52 yen. The euro strengthened
to $1.1728 from $1.1662 late Friday.The
Total Investment & Insurance Solutions
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