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21 Aug 2018
 |
Japan financial markets (The Total Investment & Insurance
Solutions)
Global shares were mostly higher in subdued trading Tuesday, tracking
gains in Asia despite doubts over the prospects for resolving the trade dispute
between the U.S. and China. The Total
Investment & Insurance Solutions
KEEPING SCORE: France's CAC 40 climbed 0.5 percent to 5,406.69 and
Germany's DAX added 0.5 percent at 12,388.87. Britain's FTSE 100 was virtually
unchanged, slipping by less than 0.1 percent to 7,586.77. The future contract
for the Dow Jones industrial average rose 0.1 percent to 25,789.00 while the
contract for the S&P 500 added less than 0.1 percent to 2,859.20.
FEDERAL RESERVE: Minutes from the Federal Reserve's last policy meeting
are due out Wednesday and could provide insights into the latest thinking on
rate hikes at a time when President Donald Trump has been stepping up criticism
of tightening by the U.S. central bank. The minutes will be followed by Fed
chairman Jerome Powell's comments Friday to the annual conference of central
bankers in Jackson Hole, Wyoming. The
Total Investment & Insurance Solutions
TRADE TENSIONS: Investors are closely watching for any prospects for an
end to the trade dispute between the U.S. and China. The costly, dueling
tariffs between them are causing uncertainty in global markets. Hopes rose late
last week on news that China will send an envoy to Washington this month to
discuss a way out of the standoff before President Donald Trump and Chinese
President Xi Jinping meet in November. The
Total Investment & Insurance Solutions
ANALYST'S VIEWPOINT: "Equities were broadly up supported by hopes
on U.S.-China trade talks even though Trump expressed a conservative view
overnight by saying that he does not anticipate much progress and he has no
time frame for ending the trade dispute," Mizuho Bank said in a
commentary.
ASIA'S DAY: Japan's benchmark Nikkei 225 advanced nearly 0.1 percent to
finish at 22,219.73, while Australia's S&P/ASX 200 lost nearly 1.0 percent
to 6,284.40. South Korea's Kospi rose 1.0 percent to 2,270.06 and Hong Kong's
Hang Seng climbed 0.6 percent to 27,752.79 and the Shanghai Composite surged
1.3 percent to 2,733.83. Shares were higher in Taiwan but fell in Singapore.
ENERGY: U.S. benchmark crude was flat at $65.42 per barrel in New York.
Brent crude, the standard for international oil prices, rose 8 cents to $72.29.
CURRENCIES: The dollar fell to 110.19 yen from 110.06 yen late Monday.
The euro strengthened to $1.1533 from $1.1484.The Total Investment & Insurance Solutions
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