Contact Your Financial Adviser Money Making MC
03 September 2018
 |
Japan financial markets (The Total Investment & Insurance
Solutions)
European stock markets mostly rose on Monday, after Asia closed lower, amid worries about trade friction between the U.S. and Canada and subdued investor activity due to a U.S. holiday.The Total Investment & Insurance Solutions
KEEPING SCORE: France's CAC 40 was up 0.1
percent to 5,410, while Germany's DAX lost 0.2 percent to 12,338. Britain's
FTSE 100 gained 0.9 percent to 7,498. Wall Street was scheduled to remain
closed for Labor Day.
ASIA'S DAY: Earlier, Japan's benchmark Nikkei
225 lost 0.7 percent to finish at 22,707.38. Australia's S&P/ASX 200
slipped 0.1 percent to 6,310.90. South Korea's Kospi shed 0.7 percent to
2,307.03. Hong Kong's Hang Seng fell 0.6 percent to 27,712.54, while the
Shanghai Composite index was down 0.2 percent at 2,720.73.
TRADE WORRIES: Investors had hoped the U.S.
and Canada would finish the outlines of a revamped NAFTA pact after the U.S.
and Mexico announced a preliminary agreement. U.S. Trade Representative Robert
Lighthizer said last week that talks will resume on Wednesday. President Donald
Trump said he is willing to make a deal with just Mexico, excluding Canada, but
Wall Street is confident the final deal will include all three.
ANALYST'S TAKE: "With Canada not
reaching an agreement with the U.S. on the NAFTA talks that were rushed on
Friday last week, focus has now shifted to the mid-week deadline for Canada to
sign up for the revamped NAFTA structure," said Vishnu Varathan at Mizuho
Bank in Singapore.
ENERGY: Benchmark U.S. crude rose 24 cents to
$70.04 a barrel. It fell 0.6 percent to $69.80 a barrel in New York late
Friday. Brent crude, used to price international oils, rose 57 cents to $78.21
a barrel.
CURRENCIES: The dollar rose to 111.12 yen
from 110.75. The euro fell to $1.1618 from $1.1685.The Total Investment & Insurance Solutions
No comments:
Post a Comment