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18 January 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global shares were mixed on Thursday, with the Nikkei erasing earlier
gains. Chinese indexes got a boost from news that the economy expanded at a
robust 6.9 percent annual pace in 2017.
The Total Investment & Insurance Solutions
KEEPING SCORE: France's CAC 40 added 0.1 percent in early trading to
5,501.09 and Germany's DAX rose nearly 0.3 percent to 13,219.70. Britain's FTSE
100 lost 0.1 percent to 7,715.20. U.S. shares were set to drift lower with Dow
futures down nearly 0.1 percent at 26,084. S&P 500 futures were also down
nearly 0.1 percent at 2,802.30. The
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ASIA'S DAY: Japan's benchmark Nikkei 225 lost 0.4 percent to finish at
23,763.37. Australia's S&P/ASX 200 was little changed at 6,014.60 after
zigzagging during the day, and South Korea's Kospi inched up less than 0.1
percent to 2,515.81. Hong Kong's Hang Seng added 0.4 percent to 32,121.94 while
the Shanghai Composite jumped 0.9 percent to 3,474.75. India's Sensex climbed
0.9 percent to 35,393.88. Shares in Taiwan and Southeast Asia were mostly
higher.
CHINA FACTOR: China's economy expanded at a 6.9 percent pace in 2017,
faster than expected and the first annual increase in seven years, according to
government data. The numbers beat forecasts, including China's growth target of
6.5 percent. Growth in the fourth quarter held steady at 6.8 percent, though it
was a tick slower than the 6.9 percent pace of growth in the first half of the
year. Buoyant consumer spending helped drive the faster expansion, the report
said.
THE QUOTE: "Economic growth in China probably slowed last quarter,
even though the official figures paint a picture of continued stability,"
Julian Evans-Pritchard of Capital Economics said in a commentary. "We have
doubts about the accuracy of the official figures given how implausibly stable
they have been in recent years." The
Total Investment & Insurance Solutions
ENERGY: Benchmark crude fell 8 cents to $63.89 a barrel in electronic
trading on the New York Mercantile Exchange. It added 24 cents to $63.97 per
barrel on Wednesday. Brent crude, used to price international oils, fell 18
cents to $69.20 a barrel. The Total
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CURRENCIES: The dollar rose to 111.24 yen from 110.77 yen late Wednesday
in Asia. The euro slipped to $1.2204 from $1.2207.The Total Investment & Insurance Solutions
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