Contact Your Financial Adviser Money Making MC
22 November 2018
 |
financial markets (The Total Investment & Insurance Solutions)
Global shares were mostly lower Thursday ahead of a Thanksgiving break,
as investors focused on slow Brexit negotiations and discouraging data from the
United States.
KEEPING SCORE: In Europe, Germany's DAX index
was 0.5 percent lower at 11,191.08 and the CAC 40 in France dipped 0.6 percent
to 4,947.05. Britain's FTSE 100 index lost 0.8 percent to 6,997.36. U.S.
markets are closed for Thanksgiving on Thursday and will be open for a half-day
on Friday.
ASIA'S DAY: Japan's benchmark Nikkei 225
surged 0.7 percent to 21,646.55 and the Hang Seng in Hong Kong added 0.2
percent to 26,019.41. South Korea's Kospi dropped 0.3 percent to 2,069.95. The
Shanghai Composite shed 0.2 percent to 2,645.43. Australia's S&P/ASX 200
gained 0.9 percent to 5,691.30. Shares fell in Taiwan and Thailand but rose in
Singapore.
BREXIT TALKS: British Prime Minister Theresa
May said she made "further progress" on Brexit negotiations but
"there are some further issues that need resolution," after a meeting
with European Commission President Jean-Claude Juncker on Wednesday. The
meeting lasted just over 90 minutes. The European Union and U.K. have agreed on
the terms for the latter's exit on March 29. Negotiators are still putting
together a declaration on their future relations.
U.S. DATA: Sales of existing homes in the
U.S. rose in October, breaking a six-month losing streak, the National
Association of Realtors announced Wednesday. Sales jumped 1.4 percent to a
seasonally adjusted annual rate of 5.22 million in October from 5.15 million a month
earlier. Still, the new numbers were still down 5.1 percent from a year ago.
Durable goods orders also fell 4.4 percent last month from September, the
largest amount in 15 months, with commercial and military aircraft leading the
decline. This could point at adverse effects of a trade dispute between the
U.S. and China, who have imposed additional tariffs on billions of dollars of
each other's goods.
ANALYST'S TAKE: "Basically the same
issues — higher U.S. rates, trade, tech correction and fears of its morphing
into weaker global growth — are continuing to keep investors on edge,"
Shane Oliver, head of investment strategy and chief economist at AMP Capital,
said in an interview.
ENERGY: Benchmark U.S. crude lost 84 cents to
$53.79 per barrel in electronic trading on the New York Mercantile Exchange.
The contract gained $1.20 to close at $54.63 in New York. Brent crude, the
international standard, gave up 82 cents to $62.66. It finished 95 cents higher
at $63.48 in London.
CURRENCIES: The dollar weakened to 112.91 yen
from 113.07 yen late Wednesday. The euro rose to $1.1401 from $1.1383.The Total Investment & Insurance
Solutions
No comments:
Post a Comment