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20 February 2018
Japan financial markets (The Total Investment & Insurance
Solutions) |
Global stocks were mixed Tuesday after a U.S. holiday, with investors
awaiting the release later in the day of minutes from the latest meeting of the
U.S. Federal Reserve.
KEEPING SCORE: France's CAC 40 gained 0.1
percent to 5,261, while Germany's DAX was up 0.1 percent to 12,401. Britain's
FTSE 100 slipped 0.2 percent to 7,232. U.S. shares were set to drift lower,
with Dow and S&P 500 futures down 0.7 percent.
CENTRAL BANKS: Minutes are expected later
Tuesday from the latest Federal Reserve meeting. "The Fed's sequence of
interest rate normalization should be the markets' key focus this week and the
primary drivers of near-term volatility," says Stephen Innes, head of
trading at OANDA.
CORPORATE DEAL: Albertsons Companies is
offering either a share of its stock and $1.83 in cash or slightly more than a
share for every 10 shares of Rite Aid. A deal value was not disclosed Tuesday
by the companies. Shares of Rite Aid, which have shed more than half their
value over the past year, jumped 40 cents, or 18.8 percent, in premarket
trading after the deal was announced.
ASIA'S DAY: Japan's benchmark Nikkei 225 lost
1.0 percent to finish at 21,925.10. Australia's S&P/ASX 200 was virtually
unchanged, inching down to 5,940.90. South Korea's Kospi lost 1.1 percent to
2,415.12. Hong Kong's Hang Seng fell 0.8 percent at 30,873.63. Shares were
mixed in Southeast Asia, while markets in mainland China were still closed for
lunar new year holidays.
ENERGY: Benchmark U.S. crude added 33 cents
to $62.01 per barrel. Brent crude, used to price international oils, was down
58 cents at $65.09 a barrel.
CURRENCIES: The euro slipped to $1.2343 from
$1.2408. The dollar rose to 107.14 yen from 106.57 yen.The Total Investment & Insurance Solutions
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