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2 April 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global markets mostly fell in muted trading Monday, as markets in Hong
Kong, Australia and Europe were closed for Easter.
KEEPING SCORE: Trading in France, Germany and Britain was closed for
Easter and was to resume Tuesday. U.S. shares were set to drift lower with Dow
futures down 0.4 percent at 24,061. S&P 500 futures lost 0.3 percent to
2,635. New York trading was off for a long weekend on Good Friday and was
resume Monday.
ASIA'S DAY: Japan's benchmark Nikkei 225 lost 0.3 percent to close at
21,388.58, while South Korea's Kospi was down nearly 0.1 percent at 2,444.16.
The Shanghai Composite index shed 0.2 percent to 3,163.18. Indexes in Southeast
Asia were mixed. The Total Investment
& Insurance Solutions
TRADE FEARS: Fears are still simmering that U.S. President Donald
Trump's tariff programs could set off a trade war. China raised import duties
on U.S. pork, fruit and other products Monday in response to a U.S. tariff hike
on steel and aluminum. A bigger dispute looms over Trump's approval of possible
higher duties on nearly $50 billion of Chinese goods.
JAPAN ECONOMY: A quarterly business outlook survey by Japan's central
bank shows corporate sentiment has worsened for the first time in two years.
The Bank of Japan's "tankan" index for large manufacturers was 24 in
March, down two points from December. The
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THE QUOTE: "The market's biggest fears about escalating trade war
and higher U.S. interest rates have tentatively blown over, suggesting
investors will shift into bargain-hunting mode," said Stephen Innes, head
of trading at Oanda.
ENERGY: Benchmark U.S. crude rose 18 cents to $65.12 a barrel. Trading
had stopped for the long Easter weekend. On Thursday, benchmark U.S. crude rose
56 cents to $64.94 a barrel on the New York Mercantile Exchange. Brent crude,
used to price international oils, added 33 cents to $69.67 per barrel.
CURRENCIES: The dollar rose to 106.29 yen from 106.23 late Friday. The
euro inched up to $1.2331 from $1.2329.The
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