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24 April 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global stocks mostly rose Tuesday as company earnings reports continued
to largely beat expectations, suggesting the economy remains strong despite
concerns about trade. The Total
Investment & Insurance Solutions
KEEPING SCORE: Germany's DAX was up 0.3
percent to 12,608 while France's CAC 40 was little changed at 5,437. Britain's
FTSE 100 rose 0.3 percent to 7,421. U.S. shares were also set to drift higher
with Dow and S&P 500 future both up 0.6 percent. The Total Investment & Insurance Solutions
EARNINGS: Coca-Cola reported net income of 32
cents per share in the first quarter, above Wall Street expectations. That
followed a jump in profits at Google parent Alphabet late Monday. It reported
strong digital ad sales and an accounting adjustment. The reports confirm that
the first three months of the year have been largely positive for companies, as
they enjoy a strong global economy, despite recent tensions between the U.S.
and China over trade.
U.S. BOND YIELDS: The yield on the 10-year
Treasury note drew close to 3 percent on Monday, a milestone it has not reached
since January 2014. It touched 2.98 percent but by Tuesday had fallen back to
2.97 percent. The 10-year yield stood at 2.43 percent at the end of 2017. Since
the global financial crisis in 2008-09, a combination of low inflation
expectations and a bond-buying program by the Federal Reserve have helped keep
bond yields low but they have climbed this year as inflation has picked up and
the Fed raised interest rates. With the Fed no longer buying bonds and
investors expecting greater inflation, analysts say higher yields could make
bonds more attractive than stocks. They also make U.S. dollars relatively more
attractive.
THE QUOTE: "The U.S. dollar has put on a
compelling show overnight as the stars align on the back of higher U.S. yields
and a considerable reduction in the U.S. dollar's geopolitical risk premium as
an outwardly calmer mood surrounding trade and geopolitical risk takes
hold," Stephen Innes of OANDA said in a commentary. The Total Investment & Insurance Solutions
CURRENCIES: The dollar rose to 108.81 yen
from 108.71 yen. The euro fell to $1.2220 from $1.2233. The Total Investment & Insurance Solutions
ASIA'S DAY: Japan's benchmark Nikkei 225 rose
0.9 percent to finish at 22,278.12, helped by the weaker yen. Australia's
S&P/ASX 200 climbed 0.6 percent to 5,921.60, and South Korea's Kospi lost
0.4 percent to 2,464.14. Hong Kong's Hang Seng added 1.4 percent to 30,661.56,
while the Shanghai Composite jumped nearly 2.0 percent to 3,128.93, recouping
losses from the previous day. Shares were mixed in Southeast Asia. The Total Investment & Insurance
Solutions
ENERGY: Benchmark U.S. crude oil gained 18
cents to $68.82 a barrel. It rose 0.4 percent to $68.64 a barrel in New York
the previous day. Brent crude, used to price international oils, gained 8 cents
to $74.79 per barrel in London.The
Total Investment & Insurance Solutions
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