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15 May 2018
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| Japan financial markets (The Total Investment & Insurance Solutions) |
Global shares were mixed Tuesday amid continuing uncertainty over trade
tensions between China and the U.S. Investors were watching for U.S. retail
sales data, due later in the day, for further clues on the health of the
world's biggest economy. The Total
Investment & Insurance Solutions
KEEPING SCORE: France's CAC 40 inched up 0.2 percent to 5,548, while
Britain's FTSE 100 rose by the same rate to 7,726. Germany's DAX gained only
0.1 percent to 12,991 after new data showed the country's economy slowed in the
first quarter. U.S. shares were set to drift slightly lower, with Dow futures
down 0.4 percent and S&P 500 futures 0.3 percent lower.
ASIA'S DAY: Japan's benchmark Nikkei 225 edged down 0.2 percent to
22,818.02. Australia's S&P/ASX 200 lost 0.6 percent to 6,097.80. South
Korea's Kospi slipped 0.7 percent to 2,458.54 while Hong Kong's Hang Seng
dropped 1.2 percent to 31,152.03. The Shanghai Composite climbed 0.6 percent to
3,192.12.
CHINA FACTOR: President Donald Trump tweeted Sunday that he was working
with President Xi Jinping of China to put Chinese telecom ZTE "back into
business, fast" after U.S. sanctions threatened ZTE's existence and 70,000
Chinese jobs. Trade talks were due to resume in Washington on Tuesday. Trump
has proposed imposing tariffs on up to $150 billion in Chinese products. In
retaliation, Beijing is threatening tariffs on $50 billion in U.S. products.
THE QUOTE: "There's a number of data releases that will grab
traders' attention today and could determine whether we see an early rebound in
stock markets. The most notable of these is the retail sales data for April,
which is expected to be relatively good for a second consecutive month
following a few poor numbers that were a little worrying," Craig Erlam, a
senior market analyst for Oanda, said in a commentary. The Total Investment & Insurance Solutions
ENERGY: Benchmark U.S. crude oil gained 59 cents to $71.55 a barrel in
electronic trading on the New York Mercantile Exchange. It rose 26 cents to
$70.96 a barrel in New York on Monday. Brent crude, used to price international
oil, gained 77 cents to $79.00 a barrel in London.
CURRENCIES: The dollar rose to 109.97 yen from 109.53 yen late Monday.
The euro weakened to $1.1884 from $1.1974.The Total Investment & Insurance Solutions
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