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13 March 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global stock markets were mixed Tuesday, with Wall Street set for a
cautious open, as investors gauge how far countries could go in setting up
barriers to trade. The Total Investment
& Insurance Solutions
KEEPING SCORE: Britain's FTSE 100 was down
0.2 percent to 7,201 while the CAC 40 of France added 0.3 percent to 5,293.
Germany's DAX shed 0.1 percent to 12,409. S&P 500 and Dow futures both
climbed 0.2, pointing to small gains when trading starts in New York. The Total Investment & Insurance
Solutions
QUALCOM-BROADCOM: Singapore-based computer
chipmaker Broadcom said in a statement that it strongly disagrees with Trump's
order to block its proposed acquisition of Qualcomm on the grounds it raises
national security concerns. The decision, announced late Monday, abruptly ended
Broadcom's four-month, $117 billion bid to buy Qualcomm — a deal that would
have been the largest ever completed in the technology industry. The move comes
after Trump also ordered tariffs on steel and aluminum, suggesting the administration
could be stepping up its barriers to international business deals.
CHINA WATCHDOG: China announced plans Tuesday
to create a newly powerful regulator to oversee scandal-plagued banking and
insurance industries as they try to reduce debt and financial risks. The move
is in line with the ruling Communist Party's efforts to tighten control over
state-owned entities that dominate industries including banking, telecoms and
energy in an effort to make them more efficient and productive. The Total Investment & Insurance
Solutions
ASIA'S DAY: Japan's Nikkei 225 index gained
0.7 percent to 21,968.10 while South Korea's Kospi added 0.4 percent to
2,494.49. The Hang Seng in Hong Kong was flat at 31,601.45 and the Shanghai
Composite index declined 0.5 percent to 3,310.24. Australia's S&P ASX 200
dropped 0.4 percent to 5,974.70. India's Sensex lost 0.4 percent to 33,791.35.
Shares rose in Taiwan and were mixed in Southeast Asia, with the SET in
Thailand down 0.2 percent.
ENERGY: Benchmark U.S. crude fell 5 cents to
$61.31 a barrel in electronic trading on the New York Mercantile Exchange. It
lost 68 cents the day before. Brent crude, used to price international oils,
declined 11 cents to $64.84 per barrel, having shed 54 cents the previous day.
CURRENCIES: The dollar rose to 107.21 yen
from 106.41 late Monday. The euro edged up to $1.2340 from $1.2336.The Total Investment & Insurance
Solutions
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