Global stocks mixed, with trade and US politics in focus

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, March 16, 2018. Asian stocks were lower on Friday as caution prevailed while investors waited for more details on the U.S. plans to slap tariffs on Chinese imports and the latest developments on authorities’ investigation into Russia’s election interference. (AP Photo/Ahn Young-joon)
A currency trader passes by screens showing Korea Composite Stock Price Index (KOSPI), left, and foreign exchange rate at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, March 16, 2018. Asian stocks were lower on Friday as caution prevailed while investors waited for more details on the U.S. plans to slap tariffs on Chinese imports and the latest developments on authorities’ investigation into Russia’s election interference. (AP Photo/Ahn Young-joon)
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, March 16, 2018. Asian stocks were lower on Friday as caution prevailed while investors waited for more details on the U.S. plans to slap tariffs on Chinese imports and the latest developments on authorities’ investigation into Russia’s election interference. (AP Photo/Ahn Young-joon)

SEOUL, South Korea — Global stock markets were mixed Friday amid caution about U.S. plans to raise tariffs on imports of steel and aluminum and uncertainty over White House politics.

KEEPING SCORE: Britain's FTSE 100 added 0.2 percent to 7,152 and France's CAC 40 edged up 0.2 percent to 5,277. Germany's DAX rose 0.5 percent to 12,401. Futures augured a lukewarm start on Wall Street. S&P futures added 0.1 percent while Dow futures held steady.

ANALYST'S TAKE: "Caution lingers amid risk factors from heightened trade tensions between U.S. and China, U.S. politics and geopolitical tensions in Europe," Mizuho Bank said in a daily commentary.

U.S. POLITICS: The Trump Organization said the company has fully cooperated with Robert Mueller's investigation in response to the report that it received a subpoena from Mueller that included a request for documents related to Russia.

U.S. TRADE: Trade remained in the spotlight after President Trump said CNBC contributor Larry Kudlow is replacing Gary Cohn as his top economic adviser after Cohn disagreed with Trump's decision to hike tariffs on steel and aluminum. Trade issues will likely top the agenda at a financial meeting of the Group of 20 industrial nations in Buenos Aires on Monday to Tuesday.

ASIA'S DAY: Asian markets finished mixed. Japan's Nikkei 225 fell 0.6 percent to 21,676.51, while South Korea's Kospi edged 0.1 percent higher to 2,493.97. Hong Kong's Hang Seng index dipped 0.1 percent to 31,501.97. China's Shanghai Composite Index lost 0.7 percent to 3,269.88. But Australia's S&P/ASX 200 rose 0.5 percent to 5,949.40. Stocks in Taiwan and Southeast Asia were mostly lower.

OIL: Benchmark U.S. crude rose 13 cents to $61.32 per barrel in electronic trading on the New York Mercantile Exchange. The contract added 23 cents on Thursday. Brent crude, used to price international oils, added 6 cents to $65.18 per barrel in London, having risen 23 cents on Thursday.

CURRENCIES: The dollar dipped to 105.67 Japanese yen from 106.33 yen. The euro rose to $1.2322 from $1.2305.

People also read these

Global markets cautious ahead of Trump speech

Feb 27, 2017

World stock markets were subdued Monday as investors looked ahead to U.S. President Donald Trump's...

Asian stocks slip as investors await Fed's likely...

Mar 15, 2017

Asian stocks fell Wednesday as the Fed met to decide on whether to hike interest rates in view of...

Stock markets, pound subdued as UK triggers...

Mar 29, 2017

World stock markets are subdued after Britain triggered the start of its exit from the European...

Asian stocks higher after Wall Street gains

Mar 31, 2017

Asian stock markets are mostly higher after Wall Street gained and Chinese manufacturing improved

Asian stocks slip, yen and gold rise as global...

Apr 12, 2017

Most Asia stock markets are retreating as rising geopolitical risks keep investors on edge

About Us

Biz Daily Online gives a complete understanding of the world of business to you. Get today’s business news and learn about the trends that are affecting every business here.

Contact us: sales[at]bizdailyonline.com

Subscribe Now!