Global stock markets mixed amid trade uncertainty

Men walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, May 15, 2018. Asian shares were mostly lower in muted trading Tuesday amid continuing uncertainty over trade tensions between China and the U.S. (AP Photo/Eugene Hoshiko)
A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, May 15, 2018. Asian shares were mostly lower in muted trading Tuesday amid continuing uncertainty over trade tensions between China and the U.S. (AP Photo/Eugene Hoshiko)
A man walks past an electronic stock board showing Japan's Nikkei 225 index and other country's in index at a securities firm in Tokyo Tuesday, May 15, 2018. Asian shares were mostly lower in muted trading Tuesday amid continuing uncertainty over trade tensions between China and the U.S. (AP Photo/Eugene Hoshiko)
A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, May 15, 2018. Asian shares were mostly lower in muted trading Tuesday amid continuing uncertainty over trade tensions between China and the U.S. (AP Photo/Eugene Hoshiko)
A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, May 15, 2018. Asian shares were mostly lower in muted trading Tuesday amid continuing uncertainty over trade tensions between China and the U.S. (AP Photo/Eugene Hoshiko)

TOKYO — Global shares were mixed Tuesday amid continuing uncertainty over trade tensions between China and the U.S. Investors were watching for U.S. retail sales data, due later in the day, for further clues on the health of the world's biggest economy.

KEEPING SCORE: France's CAC 40 inched up 0.2 percent to 5,548, while Britain's FTSE 100 rose by the same rate to 7,726. Germany's DAX gained only 0.1 percent to 12,991 after new data showed the country's economy slowed in the first quarter. U.S. shares were set to drift slightly lower, with Dow futures down 0.4 percent and S&P 500 futures 0.3 percent lower.

ASIA'S DAY: Japan's benchmark Nikkei 225 edged down 0.2 percent to 22,818.02. Australia's S&P/ASX 200 lost 0.6 percent to 6,097.80. South Korea's Kospi slipped 0.7 percent to 2,458.54 while Hong Kong's Hang Seng dropped 1.2 percent to 31,152.03. The Shanghai Composite climbed 0.6 percent to 3,192.12.

CHINA FACTOR: President Donald Trump tweeted Sunday that he was working with President Xi Jinping of China to put Chinese telecom ZTE "back into business, fast" after U.S. sanctions threatened ZTE's existence and 70,000 Chinese jobs. Trade talks were due to resume in Washington on Tuesday. Trump has proposed imposing tariffs on up to $150 billion in Chinese products. In retaliation, Beijing is threatening tariffs on $50 billion in U.S. products.

THE QUOTE: "There's a number of data releases that will grab traders' attention today and could determine whether we see an early rebound in stock markets. The most notable of these is the retail sales data for April, which is expected to be relatively good for a second consecutive month following a few poor numbers that were a little worrying," Craig Erlam, a senior market analyst for Oanda, said in a commentary.

ENERGY: Benchmark U.S. crude oil gained 59 cents to $71.55 a barrel in electronic trading on the New York Mercantile Exchange. It rose 26 cents to $70.96 a barrel in New York on Monday. Brent crude, used to price international oil, gained 77 cents to $79.00 a barrel in London.

CURRENCIES: The dollar rose to 109.97 yen from 109.53 yen late Monday. The euro weakened to $1.1884 from $1.1974.

People also read these

IMF raises China growth forecast but warns on debt

Jan 16, 2017

The International Monetary Fund has raised its growth forecast for China but warned that rising...

Stocks drop but pound recovers as UK lays out Brexit plan

Jan 17, 2017

Global stocks fell Tuesday but the pound rebounded as British Prime Minister Theresa May says her...

Asian stocks directionless, dollar steadies after slide

Jan 18, 2017

Most Asian stock indexes are lacking direction following a sharp correction overnight in the dollar...

China's growth edges up but 2016 weakest year since 1990

Jan 20, 2017

China reports its economy picked up pace in the last quarter, though its full-year performance was...

Asian stocks decline after Wall Street falls

Feb 7, 2017

Asian stocks are lower after Wall Street declined and oil rebounded

AseanCoverage is a next-gen news site focusing exclusively on online news from South East Asia.

Contact us: sales[at]aseancoverage.com