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27 March 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global stock markets rose sharply Thursday as investors grew
increasingly confident that a trade war between the U.S. and China would be
averted.
KEEPING SCORE: In Europe, France's CAC 40 rose 1.4 percent to 5,139
while Germany's DAX rose 1.9 percent to 12,007. The FTSE 100 index of leading
British shares was 2 percent higher at 7,023. U.S. stocks were poised for
further solid gains following Monday's advance, with Dow futures and the
broader S&P 500 futures up 0.6 percent. The Total Investment & Insurance Solutions
TRADE HOPES: Fears in financial markets of a potential trade war between
the U.S. and China have eased somewhat after China's government said it is open
to negotiating with Washington. That announcement followed a news report saying
U.S. officials submitted a list of requests that China open up its markets.
Trade war jitters were stoked last week when U.S. President Donald Trump
announced plans to impose tariffs on up to $60 billion of Chinese products.
ANALYST TAKE: "Naturally, the prospect of a trade war between the
world's two largest economies has weighed heavily on risk appetite over the
last couple of weeks with U.S. equity markets posting significant losses on
Thursday and Friday as things heated up," said Craig Erlam, senior market
analyst at OANDA. "The message over the weekend, though, was far less
confrontational and suggested the U.S. would be open to scrapping the tariffs
in exchange for certain other concessions such as reduced tariffs on imported
cars."
ASIA'S DAY: Japan's benchmark Nikkei 225 gained 2.7 percent to finish at
21,317.32 as a weaker yen also boosted buying sentiment. Australia's
S&P/ASX 200 added 0.7 percent to 5,832.30. South Korea's Kospi jumped 0.6
percent to 2,452.06. Hong Kong's Hang Seng advanced 0.8 percent to 30,790.83,
while the Shanghai Composite index rose 1.1 percent to 3,166.65.
ENERGY: Benchmark U.S. crude added 25 cents to $65.80 a barrel in
electronic trading on the New York Mercantile Exchange, while Brent crude, used
to price international oils, gained 28 cents to $69.80.
CURRENCIES: The euro fell 0.4 percent to $1.2404 while the dollar rose
0.3 percent to 105.75 yen.The Total
Investment & Insurance Solutions
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