Contact Your Financial Adviser Money Making MC
05 February 2019
 |
| Financial Markets (The Total Investment & Insurance Solutions) |
Shares were mostly higher Tuesday ahead of President Donald Trump's
State of the Union address to Congress.
European benchmarks advanced, with Germany's
DAX up 0.6 percent at 11,241.44 and the FTSE 100 in Britain jumped 0.8 percent
to 7,093.36. France's CAC 40 added 0.5 percent to 5,027.24.
Wall Street looked set for a cautious start,
with the future contract for the Dow Jones Industrial Average flat at 25,186.00
and that for the S&P 500 also almost unchanged, at 2,720.30.
The White House said Trump will call for
unity and optimism and highlight the strength of the economy, while pushing for
policies to keep it booming. But uncertainties remain over the possibility of
another government shutdown and of a further flaring of the tariffs war with
China.
It will be Trump's first address to Congress
since the Democrats regained their majority in the House of Representatives in
the November elections.
In Asia, most markets were closed for lunar
new year festivities, though Australia's benchmark surged 2.1 percent to
6,017.20 following a report on a probe into banking malpractices that was less
severe than anticipated. Japan's Nikkei 225 slipped 0.2 percent to 20,844.45.
Markets in mainland China are closed for the
week for new year festivities.
AUSTRALIA BANKS: Three of Australia's largest
banks could face prosecution following a yearlong investigation into widespread
abuses. The inquiry recommended tougher oversight and better consumer
safeguards, as Commissioner Kenneth Hayne referred 24 incidents of misconduct
to regulators for further investigation and possible civil or criminal charges.
The banks in question included Commonwealth Bank, ANZ Banking Group and
National Australian Bank. Westpac Banking Corp. was not included. Those big
four banks gained more than $20 billion in value on Tuesday as relieved
investors welcomed the recommendations.
ENERGY: U.S. crude lost 9 cents to $54.47 per
barrel in electronic trading on the New York Mercantile Exchange. It fell 1.3
percent to settle at $54.56 per barrel in New York. Brent crude, used to price
international oils, gave up 16 cents to $62.35 per barrel. It slipped 0.4
percent to close at $62.51 per barrel in London.
CURRENCIES: The dollar was flat at 109.89 yen
on Monday. The euro weakened versus the dollar to $1.1414 from $1.1438.The Total Investment & Insurance
Solutions
No comments:
Post a Comment