Contact Your Financial Adviser Money Making MC
28 January 2019
 |
| Financial Markets (The Total Investment & Insurance Solutions) |
KEEPING SCORE: Germany's DAX lost 0.3 percent
to 11,252 and the CAC 40 in France gave up 0.5 percent to 4,903. The FTSE 100
in Britain was down 0.4 percent at 6,781. Wall Street looked set for a slow
start to the week, with the future contracts for the Dow Jones industrial
average and the S&P 500 both down 0.4 percent.
TRADE TALKS LOOM: Talks aimed at resolving
the impasse over Chinese technology ambitions and other issues are due to
resume in Washington this week, led by the U.S. Trade Representative Robert
Lighthizer and Chinese Vice Premier Liu He. Analysts say there might be moves
to trim China's massive trade surplus with the U.S. that could stave off
further hikes in punitive tariffs imposed by both sides. However, they expect
gaps to remain on key problems such as China's blueprint for state-led development
of leading technologies.
U.S. GOVERNMENT RE-OPENS: There was muted
reaction in U.S. markets on Friday to news that Trump and congressional leaders
had reached a deal to reopen the federal government for three weeks while talks
continue over the president's demands for money to build a wall along the U.S.
border with Mexico. Doubts that they can reach an agreement deepened after
Trump told the Wall Street Journal in an interview that chances the
congressional negotiators can craft a deal he'd accept were "less than
50-50."
ANALYSTS' VIEWPOINT: "So the U.S.
government being 'open' again is a relief. But the greater challenge ahead is
to prevent another shut-down come 15th Feb. and to that end, headway in talks
between Republicans and Democrats over the next three weeks is critical,"
Mizuho Bank said in a commentary.
ASIA'S DAY: Japan's Nikkei 225 stock index
sank 0.6 percent to 20,649.00. Hong Kong's Hang Seng index was flat at
27,576.96 and the Shanghai Composite index declined 0.2 percent to 2,596.98.
The Kospi in South Korea was flat at 2,177.30 while India's Sensex plunged 0.9
percent to 35,712.04. Shares rose in Taiwan but fell in Southeast Asia.
Australia's markets were closed for a national holiday.
ENERGY: U.S. crude oil shed 89 cents to
$52.80 per barrel in electronic trading on the New York Mercantile Exchange. It
rose 1.1 percent to settle at $53.69 per barrel on Friday. Brent crude, used to
price international oils, gave up 96 cents to $60.68 per barrel. It had gained
0.9 percent on Friday to $61.64 per barrel.
CURRENCIES: The dollar was trading at 109.47
yen, down from 109.55 yen on Friday. The euro strengthened to $1.1415 from
$1.1409.The Total Investment &
Insurance Solutions
No comments:
Post a Comment