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28 November 2018
 |
| financial markets (The Total Investment & Insurance Solutions) |
Global shares were mostly higher Wednesday after a wobbly day of trading
on Wall Street and uncertainty ahead of the G-20 meeting of world leaders later
in the week.
KEEPING SCORE: France's CAC 40 was up 0.4
percent in early trading at 5,004.04, while Germany's DAX also added 0.4
percent to 11,350.38. Britain's FTSE 100 rose nearly 0.5 percent to 7,049.96.
U.S. shares were set to drift higher with Dow futures adding 0.3 percent to
24,809. S&P 500 futures were up 0.1 percent at 2,686.70.
ASIA'S DAY: Japan's benchmark Nikkei 225 rose
1 percent to finish at 22,177.02, while Australia's S&P/ASX 200 was little
changed, inching down less than 0.1 percent to 5,725.10. South Korea's Kospi
recovered to 2,108.22, up 0.4 percent. Hong Kong's Hang Seng added 1.3 percent
to 26,682.56, while the Shanghai Composite gained 1.1 percent to 2,601.74.
Southeast Asian benchmarks were lower, with shares down in the Philippines and
Indonesia.
EYES ON G-20: World leaders are arriving in
Buenos Aires for this week's G-20 summit, where a variety of issues are gaining
attention, from trade worries to the presence of Saudi Arabia's Crown Prince
Mohammed bin Salman. His possible involvement is under scrutiny in the slaying
of Washington Post columnist Jamal Khashoggi.
TRADE WORRIES: Worries remain about
pan-Pacific trade tensions, which could hurt Asian economic growth. President
Donald Trump told the Wall Street Journal this week he expects to raise tariffs
on $200 billion in Chinese imports on Jan. 1. His administration recently
imposed a 10 percent tax on those imports, and at the start of the year that's
scheduled to rise to 25 percent. Trump has also threatened to place tariffs on
all remaining U.S. imports from China. The
Total Investment & Insurance Solutions
THE QUOTE: "Traders had been hoping that
we would have seen an improved tone between the two powers by now," said
Fiona Cincotta, senior market analyst at City Index, about U.S.-China talks.
"Any market optimism of easing trade tensions is misplaced." The Total Investment & Insurance
Solutions
ENERGY: Benchmark U.S. crude rose 65 cents to
$52.21 per barrel. It fell 0.1 percent to $51.56 a barrel in New York Tuesday.
Brent crude, the international standard, added 70 cents to $61.10 a barrel.
CURRENCIES: The dollar edged up to 113.86 yen
from 113.48 yen late Tuesday in Asia. The euro fell to $1.1280 from $1.1340.The Total Investment & Insurance
Solutions
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