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10 April 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global markets are higher as investors watch
developments in the simmering trade dispute between the U.S. and China.
KEEPING SCORE: France's CAC 40 gained 0.7 percent
to 5,300.12 in early trading, while Germany's DAX added 1.1 percent to
12,397.45. Britain's FTSE 100 gained 0.3 percent to 7,218.11. U.S. shares were
also set to drift higher with the future for the Dow industrial average surging
1.1 percent to 24,279. The future for the S&P 500 climbed 1.1 percent to
2,647.70.
ASIA'S DAY: Japan's benchmark Nikkei 225 gained 0.5
percent to finish at 21,794.32. Australia's S&P/ASX 200 edged up 0.8
percent to 5,857.00. South Korea's Kospi added 0.3 percent to 2,450.74. Hong Kong's
Hang Seng added 1.7 percent to 30,728.74, while the Shanghai Composite rose 1.7
percent to 3,190.32.
TRADE WORRIES: Indexes have been fluctuating as
investors try to guess the outcome of the U.S.-China trade dispute. President
Donald Trump continued to bash America's trade deals on Twitter, but said the
U.S. and China could settle their dispute. Chinese President Xi Jinping on
Tuesday promised to cut China's auto import tariffs and ease restrictions on
foreign ownership in its auto industry in comments analysts said could signal a
somewhat conciliatory stance.
THE QUOTE: "Investor sentiment is pinballing
between two key themes. Trade wars vs trade negotiations, and the broader
improving growth vs rising interest rates. Current sentiment is positive, although
Asia Pacific futures markets are flattish after anticipatory gains
yesterday," Michael McCarthy of CMC Markets said in a commentary. The Total Investment & Insurance
Solutions
ENERGY: Benchmark U.S. crude rose 82 cents to
$64.24 a barrel in electronic trading on the New York Mercantile Exchange. It
jumped $1.36, or 2.2 percent, to $63.42 a barrel overnight. Brent crude, used
to price international oils, added 92 cents to $69.57 a barrel. The Total Investment & Insurance
Solutions
CURRENCIES: The dollar slipped to 106.96 yen from
107.12 late Monday. The euro rose to $1.2323 from $1.2275.The Total Investment & Insurance Solutions
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