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14 February 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global stocks turned lower on Wednesday after U.S. inflation data came
in higher than expected, rekindling the fears of interest rate increases that
had contributed to last week's precipitous drops. The Total Investment & Insurance Solutions
KEEPING SCORE: Wall Street, which had
previously been set to open higher, looked set to drop. Dow futures were down
0.6 percent and the S&P 500 futures 0.6 percent lower. France's CAC 40 was
up 0.2 percent to 5,120, while Germany's DAX shed 0.3 percent to 12,152.
Britain's FTSE 100 was up 0.2 percent at 7,184. All European indexes had been
higher before the U.S. data.
U.S. INFLATION: U.S. consumer prices,
excluding the volatile food and energy categories, rose 0.3 percent last month,
the most in a year. Overall consumer prices rose 0.5 percent in January, the
most in four months. Inflation rose 2.1 percent from a year earlier and core
prices increased 1.8 percent. The increases may rattle financial markets, as
investors are hyper-focused on whether faster price increases may cause the
Federal Reserve to raise short-term interest rates faster than expected. Higher
interest rates make it more expensive for consumers and businesses to borrow
and spend and could slow growth.
ASIA'S DAY: Japan's benchmark Nikkei 225
slipped 0.4 percent to finish at 21,154.17, while Australia's S&P/ASX 200
lost 0.3 percent to 5,841.20. South Korea's Kospi gained 1.1 percent at
2,421.83. Hong Kong's Hang Seng rose 2.3 percent to 30,515.60, while the
Shanghai Composite index added 0.5 percent to 3,199.16. Trading was winding
down in China ahead of the Lunar New Year holidays. The Total Investment & Insurance Solutions
JAPAN GDP: Earlier, data showed Japan's economy
grew at a slower than expected 0.5 percent annual pace in the October-December
quarter, the eighth straight quarter of expansion. Growth for the entire
calendar year was 1.6 percent, up from 0.9 percent in 2016. The preliminary
data released Wednesday buttressed economists' expectations that growth will
slow in the coming year.
ENERGY: Benchmark U.S. crude lost 79 cents to
$58.40 a barrel in electronic trading on the New York Mercantile Exchange.
Brent crude, used to price international oils, fell 62 cents to $62.10 a barrel
in London.
CURRENCIES: The dollar fell to 107.10 yen
from 107.55 yen. The euro dipped to $1.2294 from $1.2351.The Total Investment & Insurance
Solutions
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