Global shares steady ahead of Trump's inauguration

FILE - This July 15, 2013, file photo, shows the New York Stock Exchange. World stocks were mostly lower Thursday, Jan. 19, 2017, ahead of comments from the European Central Bank's president and after Federal Reserve Chair Janet Yellen signaled more interest rate increases in the months to come. (AP Photo/Mark Lennihan, File)
In this Jan. 12, 2017, photo, traders work on the Mizuho Americas trading floor in New York. World stocks were mostly lower Thursday, Jan. 19, ahead of comments from the European Central Bank's president and after Federal Reserve chair Janet Yellen signaled more interest rate increases in the months to come. (AP Photo/Mark Lennihan)

KUALA LUMPUR, Malaysia — Global shares were steady in cautious trading Friday ahead of the inauguration of President-elect Donald Trump. China's report that its economy grew at a 6.8 percent pace in October-December was in line with expectations.

KEEPING SCORE: Germany's DAX was steady at 11,599.05. The CAC 40 of France added 0.2 percent to 4,848.81. Britain's FTSE 100 lost 0.5 percent to 7,208.44. Wall Street looked headed for a subdued start, with the future for the Dow Jones industrial average down 0.1 percent and the S&P 500 future up 0.2 percent.

TRUMP'S INAUGURATION: The Dow Jones industrial average erased its gains for 2017 on Thursday, falling for the fifth day in a row as the post-election Trump rally waned ahead of the inauguration. Investors will be looking for clues in Trump's inauguration speech for his plans on fiscal stimulus, tax cuts and trade. On Thursday, the Dow fell 0.4 percent, to 19,732.40, slightly below where it finished 2016 but close to its record closing high of 19,974.62, set one month ago. The Standard & Poor's 500 index also fell 0.4 percent, to 2,263.69. The Nasdaq composite lost 0.3 percent to 5,540.08.

ANALYST QUOTES: "Markets are now waiting for more evidence that Donald Trump will deliver on fiscal stimulus and deregulation but uncertainty remains high about what he will do on trade," Shane Oliver of AMP Capital said in a commentary. "The risk of a tit-for-tat trade war between the U.S. and China is high, particularly if Trump formally brands China a currency manipulator."

CHINA'S GDP: Shares in Shanghai and Shenzhen rose after the government said the economy grew at a 6.8 percent annual rate in the last quarter, helped by property investment and government spending. Full year growth was 6.7 percent, the weakest in three decades as a potential trade battle with Trump looms. On a quarterly basis, growth has been decelerating.

THE DAY IN ASIA: Tokyo's Nikkei 225 index rose 0.3 percent to 19,137.91 and the Shanghai Composite Index added 0.7 percent to 3,123.14. Sydney's S&P-ASX 200 fell 0.7 percent to 5,654.80, Hong Kong's Hang Seng shed 0.7 percent to 22,885.91 and South Korea's Kospi dipped 0.4 percent to 2,065.61. India's Sensex lost 1 percent to 27,034.21 and Southeast Asian markets were mixed.

ENERGY: Benchmark U.S. crude gained 29 cents to $52.40 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 23 cents Thursday to close at $52.12. Brent crude, used to price international oils, rose 25 cents to $54.41 in London. It added 24 cents in the previous session to $54.16.

CURRENCY: The dollar rose to 114.96 yen from Thursday's 114.80. The euro rose to $1.0664 from $1.0659.

Must Read

Malaysia Airlines outgoing CEO says Ryanair needs his help

Oct 18, 2017

Malaysia Airlines outgoing CEO Peter Bellew says he decided to return to Ryanair as a form of...

Muslims in Asia rally against Trump's Jerusalem move

Dec 8, 2017

Muslims in Indonesia and Malaysia protested outside the U.S. embassies Friday against President...

Malaysian PM leads protest in solidarity with Palestinians

Dec 22, 2017

Malaysian prime minister leads thousands of Muslims in a rally to show solidarity with...

Ex-strongman seeks legacy as savior of Malaysia's democracy

May 11, 2018

Former strongman Mahathir Mohamad was an unlikely choice to steer Malaysia on a more democratic...

AirAsia shares drop after CEO says sorry for backing ex-PM

May 14, 2018

Shares of regional budget airline AirAsia fell Monday after its chief Tony Fernandes apologized for...

Weather, 20 December
Houston Weather

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH

About Us

In Malaysia Corner, we’re here to bring back those days where you can still catch up with everyday news no matter which corner you are at.

Contact us: sales[at]