Contact Your Financial Adviser Money Making MC
27 December 2018
 |
| financial markets (The Total Investment & Insurance Solutions) |
More wild market swings appeared imminent Thursday, with U.S. stocks
heading sharply lower after the largest single-day point gain in history for
the Dow.
Slowing economic growth globally and a
partial U.S. government shutdown heading into its sixth day whipsawed markets
from Europe to Asia. Dow futures pointed to a 400-point loss less than two
hours before the opening bell, following a 1,000-point gain the previous day.
Trading resumed in European markets which had
been closed for the Christmas holiday, and the German DAX slid 1.7 percent to
10,447.53. France's CAC 40 gave up 0.1 percent, to 4,619.74. Britain's FTSE 100
fell a full percentage point to 6,616.55. The Total Investment & Insurance Solutions
Futures for the broad S&P futures slumped
1.5 percent to 2,430.50 and the battered Nasdaq, down more than 18 percent in
the past three months, slid 1.6 percent, to 6,188.50. The Total Investment & Insurance Solutions
On Wednesday, U.S. markets snapped a four-day
losing streak and clocked their best day in more than 10 years as the Dow
jumped 5 percent, or 1,086 points, to 22,878.45. Advisers to President Donald
Trump said there were no plans to oust Fed chairman Jerome Powell, though his
sentiment on the man he nominated, played out it tweets, seem as volatile as
the stock markets. Strong holiday sales, up more than 5 percent during the
holiday season in the U.S., also lifted spirits in the shortened trading week.
Mastercard SpendingPulse said U.S. shoppers spent more than $850 billion this
year.The Total Investment &
Insurance Solutions
"The question, of course, is whether
this is just a snapback bear market rally, or as Trump said, a tremendous
opportunity to buy stocks?" Chris Weston of Pepperstone Group Limited
said. "We can assess the fundamental drivers, such as poor global economics,
the Fed not altering its forward guidance or providing flexibility to the pace
of balance sheet normalization, and ascertain nothing has really changed
here," he added. The Total
Investment & Insurance Solutions
Bloomberg reported that the U.S. will send a
government delegation to hold trade talks with Chinese officials in Beijing in
the week starting Jan. 7. It cited two people familiar with the matter. This
follows a meeting between U.S. President Donald Trump and his Chinese
counterpart Xi Jinping in Argentina earlier this month. The two leaders agreed
to hold off on additional tariffs for 90 days, to work on disagreements on
trade and technology policies.
Nikkei 225 index rebounded 3.9 percent to
20,077.62. It tumbled more than 5 percent on Tuesday before recovering slightly
a day later. South Korea's Kospi was less than 0.1 percent higher at 2,028.44.
The Shanghai Composite index lost 0.6 percent to 2,483.09. The Hang Seng index
was 0.7 percent lower at 25,478.88 while Australia's S&P-ASX 200 jumped 1.9
percent to 5,597.20. Stocks climbed in Taiwan and throughout Southeast Asia.
Benchmark U.S. crude dropped 86 cents to
$45.36 a barrel in electronic trading on the New York Mercantile Exchange. The
contract posted its biggest one-day gain in more than two years and settled at
$46.22 a barrel in New York on Wednesday. Brent crude, used to price
international oils, shed $1.11 to $53.36 a barrel. The Total Investment & Insurance Solutions
The dollar fell 0.52 percent to 110.76 yen.
The euro rose 0.4 percent to $1.1391.The
Total Investment & Insurance Solutions
No comments:
Post a Comment