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13 April 2018
 |
| South korea financial markets (The Total Investment & Insurance Solutions) |
Global stock markets were mostly higher Friday after the
U.S. said it was exploring the possibility of returning to trade talks with 11
Pacific countries. Sentiment also improved as the U.S. said it is consulting
allies before making a final decision on possible military strikes against
Syria.
KEEPING SCORE: France's CAC 40 rose 0.3 percent to 5,327
and Germany's DAX gained 0.6 percent to 12,490. Britain's FTSE 100 was down 0.1
percent at 7,252. Futures augured a tepid start on Wall Street with S&P and
Dow futures both up 0.2 percent. The
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ANALYST'S TAKE: "U.S.-centric politics once again
played the key role in shifting the alternating market sentiment with President
Donald Trump toning down on the attacks upon Syria," Jingyi Pan, a market
strategist at IG in Singapore, said in a daily commentary. "Early movers
in the Asian region have certainly caught on this improved sentiment, with the
icing on the cake being President Donald Trump's directive to consider the
re-joining of the Trans-Pacific Partnership."
TRADE: Trade has been a big issue that swayed global
stock markets since the onset of the trade dispute between the United States
and China. Those concerns took a back seat as Trump asked advisers to explore
the possibility of the U.S. returning to trade talks with 11 Pacific nations to
rejoin the Trans-Pacific Partnership. The
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SYRIA: Trump put off a final decision on possible military
strikes against Syria after tweeting earlier that they could happen "very
soon or not so soon at all." The White House said on Thursday the United
States will continue to consult its partners and allies. The statement eased
worries about escalation of tensions. Trump's earlier tweet suggested that he
wanted to retaliate against Russia after the recent suspected chemical attack
in Syria.
ASIA'S DAY: Asian markets finished higher. Nikkei 225
rose 0.6 percent to 21,778.74. South Korea's Kospi advanced 0.5 percent to
2,455.07. Hong Kong's Hang Seng index edged down 0.1 percent to finish at
30,808.38. China's Shanghai Composite Index lost 0.7 percent to 3,159.05.
Australia's S&P/ASX200 rose 0.2 percent to 5,829.10. Stocks in Taiwan,
Singapore were higher but in the Philippines and Indonesia they were lower.
CHINA DATA: China's global trade balance swung to a rare
deficit in March as exports dropped, but its surplus with the United States
stood at $15.4 billion. Exports contracted 2.7 percent from a year earlier to
$174.1 billion, down from the 24.4 percent growth for the first two months of
2018, customs data showed Friday. Imports rose 14.4 percent to $179.1 billion,
though that was down from 21.7 percent growth in January and February.
OIL: Benchmark U.S. crude rose 31 cents to $67.38 per
barrel in electronic trading on the New York Mercantile Exchange. The contract
rose 0.4 percent on Thursday. Brent crude, used to price international oils,
gained 24 cents to $72.26 per barrel in London. It shed 0.1 percent the day
before.
CURRENCIES: The dollar rose to 107.63 yen from 107.32
yen. The euro strengthened to $1.2336 from $1.2328.The Total Investment & Insurance Solutions.
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