cloudy
Sunday December 16th, 2018 8:04AM

Asian shares higher, Europe mixed after Trump-Kim summit

By The Associated Press
Related Articles
  Contact Editor

TOKYO (AP) — Asian shares were mostly higher Tuesday but Europe opened mixed as market players tried to digest the summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore.

KEEPING SCORE: France's CAC 40 was little changed but inched down to 5,472.42 in early trading, while Germany's DAX was up 0.1 percent to 12,861.27. Britain's FTSE 100 lost 0.2 percent 7,720.96. U.S. shares were set to drift higher with Dow futures gaining 0.1 percent to 25,366. S&P 500 futures rose nearly 0.1 percent to 2,789.

ASIA'S DAY: Japan's benchmark Nikkei 225 was up 0.3 percent to finish at 22,878.35. Australia's S&P/ASX 200 was up 0.2 percent at 6,054.40. South Korea's Kospi fell less than 0.1 percent to 2,468.83 after fluctuating earlier in the day. Hong Kong's Hang Seng's rose 0.1 percent to 31,103.06, while the Shanghai Composite index added 0.9 percent to 3,079.80.

SUMMIT WATCH: Trump and Kim concluded their summit by signing a joint document in which they committed to working "toward complete denuclearization of the Korean Peninsula" and to joining together "to build a lasting and stable peace regime" on the Korean Peninsula. The broad promises largely reiterated past agreements and included a commitment to "establish new U.S.-DPRK relations" but not an agreement to end the technical state of war.

CENTRAL BANKS: The Federal Reserve will start a two-day meeting on interest rates on Tuesday, wrapping up on Wednesday. Investors expect the nation's central bank to raise interest rates from their current level of 1.75 percent to 2 percent, but most attention will be on how many rate hikes Fed officials are considering doing later this year. On Friday, the Bank of Japan is due to give its latest policy update.

ANALYST'S TAKE: "Deal or no deal? Just don't ask what comprises a 'deal' and we are fine. At the risk of sounding a tad frivolous, that appears to be the truth of the matter," said Vishnu Varathan of Mizuho Bank in Singapore of the Trump-Kim summit.

ENERGY: Benchmark U.S. crude rose 37 cents to $66.47 a barrel. It was up 36 cents to $66.10 per barrel Monday in electronic trading on the New York Mercantile Exchange. Brent crude, used to price international oils, added 45 cents to $76.91 per barrel in London.

CURRENCIES: The dollar rose to 110.30 yen from 109.48 yen late Monday in Asia. The euro edged up to $1.1804 from $1.1799.

___

Follow Yuri Kageyama on Twitter 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, AP Business - Industries, AP Business - Financial Services
© Copyright 2018 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Trump says US to halt SKorea 'war games' after Kim summit
President Donald Trump and North Korea's Kim Jong Un conclude an extraordinary nuclear summit Tuesday with the U.S. president pledging "security guarantees" to the North and Kim recommitting to the "complete denuclearization of the Korean Peninsula."
4:41AM ( 8 minutes ago )
The Latest: Trump backs praise of Kim despite brutal history
President Donald Trump is defending his repeated praise of North Korea's Kim Jong Un during their meetings in spite of Kim's distressing record on human rights
4:39AM ( 11 minutes ago )
Asian shares higher, Europe mixed after Trump-Kim summit
Asian shares are mostly higher but Europe is opening mixed as market players tried to digest the summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore
4:38AM ( 11 minutes ago )
Associated Press (AP)
GOP leaders in Congress largely silent on Trump's G-7 tirade
Republican leaders in Congress haven't said much about President Donald Trump's outbursts over the Group of Seven economic summit
12:32AM ( 4 hours ago )
New disclosure shows growing Kushner wealth, debt
A newly-released 2018 financial disclosure shows that White House special adviser Jared Kushner's wealth and debt both rose significantly over the year
11:00PM ( 5 hours ago )
Judge spars with Justice Dept. lawyer on foreign favors suit
The Justice Department says President Donald Trump's hotel company did not break the law by doing business with other countries
10:41PM ( 6 hours ago )
AP Business
Stock markets rise slightly ahead of Trump-Kim meeting
U.S., global markets mostly higher amid preparations for President Trump's meeting with North Korean leader Kim Jong Un
4:22PM ( 12 hours ago )
Stock markets mostly higher ahead of Trump-Kim meeting
U.S., global markets mostly higher amid preparations for President Trump's meeting with North Korean leader Kim Jong Un
3:35PM ( 13 hours ago )
EU, IMF warn of US protectionism, back multilateral trade
Leaders of the International Monetary Fund, World Trade Organization and other international agencies warn that American protectionism could cause global economic damage
3:08PM ( 13 hours ago )
AP Business - Economy
Asian markets higher ahead of Trump-Kim meeting
Asian markets are mostly higher as Donald Trump prepared to meet North Korean leader Kim Jong Un following the American president's outburst at Canada's prime minister over trade
1:29AM ( 1 day ago )
Italy's economy minister insists abandoning euro not planned
Italy's new economy minister insist the populist government doesn't have plans to leave the eurozone
1:35PM ( 1 day ago )
German minister urges jobless fund, tax to bolster euro
Germany's finance minister is urging bolder steps to strengthen the euro currency union by setting up a fund to help countries hard hit by unemployment and by laying the foundations of an EU-wide tax system
9:39AM ( 2 days ago )
AP Business - Financial Markets
After teasing a name change, IHOP says "b" is for burgers
IHOP, which teased a name change to IHOb, says the "b" is to promote its burger menu.
1:20PM ( 15 hours ago )
Pope to oil execs: Energy needs mustn't destroy civilization
Pope Francis tells oil executives that world's energy needs "must not destroy civilization"
5:19PM ( 2 days ago )
In pro-Trump ND, Democrat Heitkamp has no time for resisting
Sen. Heidi Heitkamp, a first term Democrat running for re-election in North Dakota, is walking a fine line between her pro-President Donald Trump record and her Democratic leanings, but she dismisses her party's resistance movement as unproductive.
12:43PM ( 2 days ago )
AP Business - Industries
GOP risks fallout from Justice Department move on health law
GOP risks political fallout from Justice Department's move on health law protections for pre-existing conditions
4:54PM ( 3 days ago )
IMF: Argentina's targets possible but require commitment
The International Monetary Fund says Argentina's fiscal targets set as part of a $50 billion deal with the IMF are possible but will require commitment by the South American country
4:35PM ( 3 days ago )
Justice Department takes aim at heart of health law
The Trump administration says in a new court filing that it will no longer defend key parts of the Affordable Care Act
1:27PM ( 3 days ago )
AP Business - Financial Services
Trump says US to halt SKorea 'war games' after Kim summit
President Donald Trump and North Korea's Kim Jong Un conclude an extraordinary nuclear summit Tuesday with the U.S. president pledging "security guarantees" to the North and Kim recommitting to the "complete denuclearization of the Korean Peninsula."
4:41AM ( 8 minutes ago )
The Latest: Trump backs praise of Kim despite brutal history
President Donald Trump is defending his repeated praise of North Korea's Kim Jong Un during their meetings in spite of Kim's distressing record on human rights
4:39AM ( 11 minutes ago )
The Latest: Trump says US will end joint military exercises
President Donald Trump says he will be ending joint military exercises between the United States and South Korea
4:33AM ( 17 minutes ago )
Trump pledges security guarantees to NKorea after summit
President Donald Trump and North Korea's Kim Jong Un conclude an extraordinary nuclear summit Tuesday with the U.S. president pledging "security guarantees" to the North and Kim recommitting to the "complete denuclearization of the Korean Peninsula."
4:25AM ( 25 minutes ago )
The Latest: Trump: I talked to Kim personally before summit
President Donald Trump is finally revealing that he spoke directly with North Korean leader Kim Jong Un ahead of their Singapore summit
4:18AM ( 31 minutes ago )