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Posted: Jul 9, 2018 7:00 am
TOKYO (AP) – Global stocks were mostly higher Monday after a relatively quiet weekend in the growing trade stalemate between the states United States and China. Investors appear optimistic about the outlook for the global economy despite punitive tariffs imposed by Washington and Beijing on their respective exports
CAC 40: the CAC 40 rose from 0.6% early in the session to 5409 , 31 while the German DAX increased by 0.3% to 12,531.46. The British FTSE 100 was also higher at 7,647.18, up 0.4%. US stocks were also up, with Dow futures rising 0.5% to 24,588. The title of the S & P 500 rose 0.4% to 2,773.40.
BEGINNING OF XIAOMI: The actions of Chinese smartphone maker Xiaomi Corp. slid and bounced Monday in Hong Kong after a multi-billion dollar public offering. Trading is open at 16.60 Hong Kong dollars, below the Xiaomi offer price of 17 Hong Kong dollars. It dropped about 4% early in the session but closed at 16.80 Hong Kong dollars (US $ 1.98).
COMMERCIAL WAR: Few developments took place this weekend after Washington imposed a 25% tax on Chinese imports. retaliation with taxes on an equal amount of US products, including soy, pork and electric cars. The total impact of the measures may not be felt for some time and investors who knew for weeks that tariffs were to come into effect were not reacting immediately.
THE QUOTE: "The absence of escalation to yet, Asian stock markets should benefit from a new respite with hikes expected early this week, even if the playoffs for the rest of the week would remain dependent on the evolving trade tensions between the United States and China, "said Pan Jingyi. GI strategist in Singapore
ASIA DAY: Nikkei 225, Japan's benchmark index, added 1.2% to finish at 22,052.18. The Australian S & P / ASX 200 rose 0.2% to 6,286.00, while the South Korean Kospi gained 0.6% to 2,285.80. The Hong Kong Hang Seng rose 1.3% to 28,688.50, while the Shanghai Composite index jumped 2.5% to 2,815.11. Shares were higher in Taiwan and Southeast Asia
ENERGY: The benchmark US crude slipped 28 cents to $ 73.52 a barrel. He earned 86 cents to settle at $ 73.80 a barrel in New York on Friday night. Brent oil, used for the price of international oil, rose 43 cents to 77.54 dollars per barrel
CURRENCIES: The dollar fell slightly to 110.51 yen against 110.61 yen Friday in Asia. The euro has strengthened to $ 1,1754 against $ 1,1746.
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Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama
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