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World Markets Higher Thursday          09/20 05:46

   European markets climbed Thursday following a mixed day in Asia, buoyed by 
hopes the U.S. and China will proceed with talks to tackle their escalating 
trade dispute.

   SINGAPORE (AP) -- European markets climbed Thursday following a mixed day in 
Asia, buoyed by hopes the U.S. and China will proceed with talks to tackle 
their escalating trade dispute.

   KEEPING SCORE: France's CAC 40 jumped 0.7 percent to 5,429.49 and Germany's 
DAX gained 0.4 percent to 12,266.14. Britain's FTSE 100 gained 0.3 percent to 
7,349.58. Wall Street was set for a subdued open. Dow futures added under 0.1 
percent to 26,487.00. The S&P 500 future contract gained 0.1 percent to 
2,918.20.

   ASIA'S DAY: Japan's Nikkei 225 was flat at 23,674.93, after the ruling 
Liberal Democratic Party gave Prime Minister Shinzo Abe the go-ahead for a 
third term, ending in 2021. The Kospi in South Korea added 0.7 percent to 
2,323.45. Hong Kong's Hang Seng index added 0.3 percent to 27,477.67. The 
Shanghai Composite index edged 0.1 percent lower to 2,729.24. Australia's 
S&P/ASX 200 shed 0.3 percent to 6,169.50. Shares fell in Taiwan but rose in 
Indonesia, Thailand and Singapore.

   US-CHINA TRADE: Starting Monday, the U.S. will place a 10 percent tariff on 
$200 billion more in Chinese goods. The tariffs will rise to 25 percent on Jan 
1. Beijing has said it would take "counter measures," which includes hitting 
$60 billion worth of U.S. imports, including coffee, honey and industrial 
chemicals, with retaliatory taxes. There was no word on whether China would 
back out of trade talks it said it was invited to by the U.S., but a Chinese 
Commerce Ministry statement said the U.S. increase "brings new uncertainty to 
the consultations." The Trump administration has said it remains open to 
negotiations with China.

   ANALYST'S TAKE: "Indeed, U.S investor and traders, in general, are showing 
little sensitivity to U.S tariff implementations, at least at current levels 
anyway," Stephen Innes of OANDA said in a commentary. "So, with investors in 
evaluation mode and with both the U.S and China likely to resume negotiations, 
expectations are still there for a resolution before President Trump deems it 
necessary to double down on tariffs," he added.

   ENERGY: Benchmark U.S. crude gained 32 cents to $71.09 a barrel in 
electronic trading on the New York Mercantile Exchange. The contract settled at 
$70.77 a barrel on Wednesday. Brent crude, used to price international oils, 
added 6 cents to $79.46 a barrel. It added 0.5 percent to $79.40 a barrel in 
London.

   CURRENCIES: The dollar eased to 112.23 yen from 112.29 yen. The euro 
strengthened to $1.1706 from $1.1674. 


(BE)

 
 
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