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World Markets Today 06/07/2018

posted onJuly 6, 2018
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Asian markets traded mixed on Friday as investors reacted cautiously to the start of a trade war between the world’s two biggest economies. U.S. tariffs on $34 billion worth of Chinese goods came into effect at midnight, July 6, local time prompting a swift response from China in the form of retaliatory tariffs on 545 American imports. 

Chinese Premier Li Keqiang, speaking during an official state visit to Bulgaria, stated that trade war will benefit no one and reminded that Beijing is committed to opening up its market to foreign countries. 

In Japan, shares rose for the first time this week while in Australia stocks closed at decade high booking a 1.3 per cent rise for the week. 

European markets closed slightly higher despite the escalating U.S.-China trade war. On the data front, UK house prices growth stood at 1.8% in June and German industrial production expanded 2.6% in May.

Across the Atlantic, U.S. stocks finished in positive territory as investors shrugged off concerns over the escalating U.S.-China trade war. Investor sentiment was boosted by stronger-than-expected employment data with the U.S. economy adding 213,000 jobs in June. Economists polled by Reuters expected a gain of 195,000.

World Markets Headlines Today 

ASIA/PACIFIC
Tokyo stocks open higher (Fin24)
Sensex gains over 100 points led by auto, RIL shares
(Mint)
Australia:Stocks close at decade high (Australia Business Review)

EUROPE
European Shares Seen Up As US Tariffs Take Effect (RTT News)
European stocks higher despite opening salvos in US-China trade war (CNBC)
European markets are higher today with shares in France leading the region (CNN Money)

AMERICAS
Investors Skeptical About Stock Rally as Trade-War Era Begins (Bloomberg)
A 15% weekly fall in Wall Street's 'fear index' suggests trade-war jitters are fading (Marketwatch)
Dow Rises as Trade War Begins, Wall Street Weighs Strong Jobs Report (The Street)

COMMODITIES
Gold prices fall ahead of tariff deadline, US jobs data, Oil dips in nervous trading as US-China trade war looms (Reuters)

25 Major Markets Stock Indices Closing Data

WORLD 25 MAJOR MARKETS
All Continents Stock Indices Closing Data

ASIA/PACIFIC
Tokyo's Nikkei 225 rose 1.12% while Hong Kong's Hang Seng advanced 0.47%. China's Shanghai Composite grew 0.46%. Seoul's KOSPI was up 0.68%. Mumbai's Sensex increased 0.23% while Nifty 50 was higher by 0.39%. Australia's ASX200 was up 0.91%. Singapore's STI finished 1.99% in the hole. Jakarta's Composite grew 2.33% and Taiwan's Weighted Index was off  0.03%.

EUROPE
The Paneuropean STOXX600 rose 0.20%. France's CAC increased 0.18%. London's FTSE was up 0.19%. Belgium's BEL 20 was higher by 0.63%. Amsterdam's AEX grew 0.21%. Moscow's IMOEX fell 0.06%. In Southern Europe, Lisbon's PSI20 was up 0.55% while Spain's IBEX 35 added 0.39% and Italy's FTSE MIB rose 0.05%. In Scandinavia, Stockholm's OMXS30 was off 0.16% while Copenhagen's OMXC25 increased 0.55%. Helsinki's OMXHPI finished the day 0.55% in the green.

In Central Eastern Europe, Budapest's BUX dropped 1.54% while Warsaw's WIG was down 0.39%. Prague's Stock Exchange was closed for Jan Hus holiday and Bratislava's SAX was unchanged. Tallinn's OMXT was lower by 0.34% while Riga's OMXR fell 0.09%. In Vilnius, the stock exchange was closed for State holiday.

In South Eastern Europe, Bucharest's BET was up 0.27% while Sofia's Sofix increased 0.66%. Belgrade's Belex 15 grew 0.26%. Podgorica's MNSE10 grew 0.27%. Sarajevo's SASX10 fell 1.40% while Banja Luka's BIRS was unchanged. Ljubljana's SBI Top dropped 0.49%. Zagreb's CROBEX was up 0.21%. In Skopje, the MBI10 moved downward 0.69%. Istanbul's BIST100 was off 0.37%. In Athens, the General Index finished the day 0.20% in the hole while in Nicosia dropped 0.13%.

AFRICA
Johannesburg's ASI was lower by 0.17% while Nigeria's ASI fell 0.31%.  Zimbabwe's Industrial Index gained 0.70%.

AMERICAS
In the U.S., the Dow Jones was up 0.41% while the S&P 500 advanced 0.85%
The Nasdaq gained 1.34%. In Canada, the TSX rose 0.65%.