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13 June 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global stocks rose Wednesday as investors awaited an expected interest
rate increase from the Federal Reserve and looked for hints of further hikes
this year.
KEEPING SCORE: France's CAC 40 was up 0.3 percent at 5,468 and Germany's
DAX rose 0.2 percent to 12,868. Britain's FTSE 100 gained 0.5 percent to 7,741.
U.S. shares were set to edge higher, with Dow futures up 0.1 percent and
S&P 500 futures 0.2 percent higher.
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CENTRAL BANKS: The U.S. Federal Reserve was to resume a two-day meeting
on interest rates later Wednesday. Investors expect the central bank to raise
its benchmark rate by a quarter of a percentage point to a range of 1.75-2
percent. Attention will focus more on how many additional rate hikes Fed
officials may do this year. On Thursday, the European Central Bank will meet
and could outline an end to its stimulus program, while on Friday the Bank of
Japan is due to give its latest policy update. The Total Investment & Insurance Solutions
TRUMP-KIM SUMMIT: U.S. President Donald Trump and North Korean leader
Kim Jong Un concluded their summit Tuesday by committing to working
"toward complete denuclearization of the Korean Peninsula" and to
"build a lasting and stable peace regime" there. Trump surprised both
the Pentagon and the South Korean military by promising to end U.S. military
exercises with South Korea. Details were left vague, but progress there has the
chance of lowering geopolitical tensions in a region that includes three of the
world's largest economies: Japan, China and South Korea.
ASIA'S DAY: Japan's benchmark Nikkei 225 was up 0.4 percent at
22,966.38. South Korea's Kospi fell less than 0.1 percent to 2,468.83. Hong
Kong's Hang Seng dropped 1.2 percent to 30,725.15, while the Shanghai Composite
index dropped 1.0 percent to 3,049.80. Australia's S&P/ASX 200 dropped 0.5
percent to 6,023.50. The Total
Investment & Insurance Solutions
ENERGY: Benchmark U.S. crude lost 34 cents to $66.02 a barrel. Brent
crude, used to price international oils, fell 22 cents to $75.66 per barrel in
London.
CURRENCY: The dollar rose to 110.54 yen from 110.30 late Tuesday. The
euro fell slightly to $1.1763 from $1.1800.The Total Investment & Insurance Solutions
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