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21 February 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Shares slid Wednesday in Europe after a day of gains in Asia as
attention turned to minutes from the latest meeting of the Federal Reserve.
KEEPING SCORE: Germany's DAX slipped 0.7
percent to 12,402 and the CAC 40 of France lost 0.4 percent to 5,270. Britain's
FTSE 100 was flat at 7,246. Dow futures edged 0.1 percent lower and S&P 500
futures were down almost 0.1 percent, pointing to small losses on the open in
New York.
ASIA'S DAY: Japan's Nikkei 225 index climbed
0.2 percent to 21,970.81 and Hong Kong's Hang Seng advanced 1.8 percent to
31,431.89. Australia's S&P ASX 200 edged 0.1 percent higher to 5,943.70 and
the Kospi in South Korea added 0.6 percent to 2,429.65. India's Sensex gained
0.3 percent to 33,801.94 while shares in Southeast Asia were mixed. Markets in
mainland China were closed for a final day of lunar new year holidays. The Total Investment & Insurance
Solutions
WALL STREET: Walmart's stock sank 10 percent
on Tuesday, its biggest drop in 30 years, after the retailer reported
fourth-quarter results that missed Wall Street's expectations as its e-commerce
sales in the U.S. slowed. The late sell-off erased early gains led by
technology companies. Grocery store operators, retailers, health care companies
and industrial stocks accounted for much of the market's slide. The Total Investment & Insurance
Solutions
FED WATCH: Investors have been bracing for
signs the U.S. central bank might tighten monetary policy in minutes from its
Jan. 30-31 policy meeting due out Wednesday. Jitters over inflation remain
after the spate of volatility earlier this month. The Total Investment & Insurance Solutions
BONDS LOOMING: Adding to the risks, the
rising yield on the 10-year Treasury, which is used as a benchmark for
mortgages and other loans, is making bonds more appealing than stocks. It has
been rising in recent months from a low of 2.04 percent in September. On
Wednesday it was at 2.89 percent. "Some of the broader concerns on
investors' minds right now are looking across to the bond market and seeing the
10-year Treasury starting to approach that 3 percent level," said Bill
Northey, vice president at U.S. Bank Wealth Management.
ECONOMIC DATA: A survey of manufacturers in
Japan in February showed indicators at their strongest level since early 2014.
The Nikkei Japan Manufacturing PMI index was at 54 on a 0-100 scale where
reading exceeding 50 indicate expansion. Job creation hit an 11-year high. In
Europe, a similar gauge of manufacturing and services slipped amid the
financial market volatility in February, but remained near a 12-year high.
ENERGY: Benchmark U.S. crude rose 9 cents to
$61.77 per barrel in electronic trading on the New York Mercantile Exchange. It
rose 24 cents the day before. Brent crude, used to price international oils,
shed 18 cents to $65.07 per barrel, having gained 42 cents on Tuesday. The Total Investment & Insurance
Solutions
CURRENCIES: The dollar rose to 107.54 yen
from 107.33 yen on Tuesday. The euro slipped to $1.2314 from $1.2337.The Total Investment & Insurance
Solutions
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