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15 February 2019
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| Financial Markets (The Total Investment & Insurance Solutions) |
World stock markets bounced back on Friday after Chinese officials said
trade talks with the U.S. would continue in Washington next week. Markets had
been dragging on the absence of good news as the U.S. and China concluded talks
in Beijing.
European markets also rose even as Spanish Prime Minister Pedro Sanchez
announced an early election scheduled for April 28. France's CAC 40 rose 1.1
percent to 5,118 while the DAX in Germany gained 1 percent to 11,202. Britain's
FTSE 100 moved 0.5 percent higher to 7,229.
Wall Street's open also turned brighter on the news of extended trade
talks. S&P 500 futures added 0.1 percent to 2,747 after retreating 0.3
percent earlier. Futures for the Dow also moved 0.1 percent higher to 25,457
after being down 0.4 percent.
With a March 2 deadline looming, U.S. and Chinese negotiators will meet
in Washington next week for more talks on a tariff war over Beijing's
technology ambitions, China's government said Friday.
The announcement came after U.S. Trade Representative Robert Lighthizer
told Chinese President Xi Jinping that negotiators had "made headway"
on important issues in two days of talks that wrapped up Friday in Beijing.
Officials expressed optimism but gave no details of this week's
negotiations, which had been the last scheduled before a planned American
tariff hike on $200 billion of Chinese imports on March 2.
THE DAY IN ASIA: Japan's benchmark Nikkei 225 retreated 1.1 percent to
20,900.63 and the Kospi in South Korea tumbled 1.3 percent to 2,196.09. Hong
Kong's Hang Seng gave up 1.9 percent to 27,900.84. The Shanghai Composite was
1.4 percent lower at 2,682.39. Australia's S&P/ASX 200 bucked the regional
trend, picking up 0.1 percent to 6,066.10. Shares fell Taiwan and throughout
Southeast Asia.
ENERGY: U.S. crude lost 23 cents to $54.64 per barrel in electronic
trading on the New York Mercantile Exchange. It gained 51 cents to settle at
$54.41 per barrel in New York on Thursday. Brent crude, used to price
international oils, rose 25 cents to $64.82 per barrel. It rose 96 cents to
close at $64.57 per barrel in London.
CURRENCIES: The dollar eased slightly to 110.44 yen from 110.45 yen late
Thursday. The euro slipped to $1.1278 from $1.1296.The Total Investment & Insurance Solutions
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