Share

Asia shares mixed, most markets closed for Lunar New Year

Share

BANGKOK (AP) — Shares were mostly higher Tuesday ahead of President Donald Trump’s State of the Union address to Congress.

European benchmarks advanced, with Germany’s DAX up 0.6 percent at 11,241.44 and the FTSE 100 in Britain jumped 0.8 percent to 7,093.36. France’s CAC 40 added 0.5 percent to 5,027.24.

Wall Street looked set for a cautious start, with the future contract for the Dow Jones Industrial Average flat at 25,186.00 and that for the S&P 500 also almost unchanged, at 2,720.30.

The White House said Trump will call for unity and optimism and highlight the strength of the economy, while pushing for policies to keep it booming. But uncertainties remain over the possibility of another government shutdown and of a further flaring of the tariffs war with China.

It will be Trump’s first address to Congress since the Democrats regained their majority in the House of Representatives in the November elections.

Trending:
Some Americans Already Pulling Their Accounts from Credit Unions Over Dems' IRS Spying Plan

In Asia, most markets were closed for lunar new year festivities, though Australia’s benchmark surged 2.1 percent to 6,017.20 following a report on a probe into banking malpractices that was less severe than anticipated. Japan’s Nikkei 225 slipped 0.2 percent to 20,844.45.

Markets in mainland China are closed for the week for new year festivities.

AUSTRALIA BANKS: Three of Australia’s largest banks could face prosecution following a yearlong investigation into widespread abuses. The inquiry recommended tougher oversight and better consumer safeguards, as Commissioner Kenneth Hayne referred 24 incidents of misconduct to regulators for further investigation and possible civil or criminal charges. The banks in question included Commonwealth Bank, ANZ Banking Group and National Australian Bank. Westpac Banking Corp. was not included. Those big four banks gained more than $20 billion in value on Tuesday as relieved investors welcomed the recommendations.

ENERGY: U.S. crude lost 9 cents to $54.47 per barrel in electronic trading on the New York Mercantile Exchange. It fell 1.3 percent to settle at $54.56 per barrel in New York. Brent crude, used to price international oils, gave up 16 cents to $62.35 per barrel. It slipped 0.4 percent to close at $62.51 per barrel in London.

CURRENCIES: The dollar was flat at 109.89 yen on Monday. The euro weakened versus the dollar to $1.1414 from $1.1438.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →



loading

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
Share
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




loading

Conversation