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Global shares mixed; Japan benchmark falls on weak dollar

By The Associated Press
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TOKYO (AP) — Global shares were mixed Friday following a record-high close on Wall Street. The Tokyo benchmark fell in Japan, where a pause in the dollar's strengthening dampened optimism about exporters.

KEEPING SCORE: France's CAC 40 fell 0.1 percent to 5,290.31, while Germany's DAX added 0.2 percent to 12,732.50 in early trading. Britain's FTSE 100 gained 0.5 percent to 7,362.13. U.S. shares looked set to drift slightly lower with Dow futures inching down less than 0.1 percent to 22,314. S&P 500 futures were little changed at 2,506.30.

ASIA'S DAY: Japan's benchmark Nikkei 225 inched down, less than 0.1 percent, to finish at 20,356.28, while Australia's S&P/ASX 200 gained 0.2 percent to 5,681.60. South Korea's Kospi stood at 2,394.47, up 0.9 percent. Hong Kong's Hang Seng edged up 0.5 percent to 27,554.30, and the Shanghai Composite added 0.3 percent to 3,348.94.

THE FED: Trading in Asia was muted overall as market players are weighing an anticipated rate hike by the U.S. Federal Reserve in December.

THE QUOTE: "Following the Fed's somewhat surprisingly hawkish stance last week with inflation forecast and dot-plot being kept unchanged, expectation on a December rate hike has been gradually building," says Zhu Huani of the Singapore Treasury Division at Mizuho Bank.

ENERGY: Benchmark U.S. crude gained 20 cents to $51.76 a barrel. It fell 58 cents to $51.56 a barrel in New York Thursday. Brent crude, the standard for international oil prices, rose 10 cents to $57.26 per barrel in London.

CURRENCIES: The dollar dipped to 112.54 yen from 112.90 yen late Thursday in Asia. The euro rose to $1.1792 from $1.1735.

___

Yuri Kageyama can be reached at https://twitter.com/yurikageyama

Her work can be found at https://www.apnews.com/search/yuri%20kageyama

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy, AP Business - Financial Markets
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