Global markets mixed after Fed keeps rate unchanged

A currency trader watches computer monitors at the foreign exchange dealing room in Seoul, South Korea, Thursday, Feb. 1, 2018. Asian markets were mixed on Thursday with Tokyo stocks higher as the yen weakened against the U.S. dollar. (AP Photo/Lee Jin-man)
A currency trader watches computer monitors near screen showing the foreign exchange rate between U.S. dollar and South Korean won, left, at the foreign exchange dealing room in Seoul, South Korea, Thursday, Feb. 1, 2018. Asian markets were mixed on Thursday with Tokyo stocks higher as the yen weakened against the U.S. dollar. (AP Photo/Lee Jin-man)
A currency trader walks by screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, Feb. 1, 2018. Asian markets were mixed on Thursday with Tokyo stocks higher as the yen weakened against the U.S. dollar. (AP Photo/Lee Jin-man)

SEOUL, South Korea — Global markets were mixed Thursday after the U.S. Federal Reserve left its benchmark interest rate unchanged and as investors monitored a raft of corporate earnings reports.

KEEPING SCORE: Britain's FTSE 100 fell 0.1 percent to 7,523 while France's CAC 40 gained 0.2 percent to 5,491. Germany's DAX lost 0.3 percent to 13,155. Futures augured a tepid start on Wall Street with Dow futures down 0.1 percent and S&P futures up 0.1 percent.

FED RATE: The Fed kept its key rate in a still-low range of 1.25 percent to 1.5 percent and said in a statement that it expects inflation to finally pick up this year, stabilizing around the Fed's target level of 2 percent. The Fed also indicated that it thinks the job market and the overall economy are continuing to improve.

ANALYST'S TAKE: "Fed Chair Janet Yellen's last meeting prior to stepping down saw the Fed reinforcing their positive outlook over both the economy and inflation while unanimously voting to keep rates unchanged," Jingyi Pan, a market strategist at IG in Singapore, said in a daily commentary.

EARNINGS: Company quarterly reports were largely upbeat, with stronger earnings from Daimler, Shell and Roche but weaker figures from Nokia. Investors were also still digesting the report from Facebook, which on Wednesday said its profits had risen in 2017 but that people were spending less time on the app after a change to the way material is shown.

ASIA'S DAY: Asian markets finished mixed. Japan's Nikkei 225 jumped 1.7 percent to 23,486.11 and South Korea's Kospi added 0.1 percent to 2,568.54. But Hong Kong's Hang Seng index fell 0.8 percent to 32,642.09 and China's Shanghai Composite Index sank 1 percent to 3,446.98. Australia's S&P/ASX 200 rose 0.9 percent to 6,090.10. Stocks in Southeast Asia were higher.

OIL: Benchmark U.S. crude rose 46 cents to $65.19 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 23 cents on Wednesday. Brent crude, used to price international oils, advanced 4 cents to $69.06 per barrel in London.

CURRENCIES: The dollar rose to 109.62 yen from 109.20 yen. The euro strengthened to $1.2456 from $1.2411.

Must Read

Trudeau: Canada could stop dealing with Boeing...

Sep 18, 2017

Canadian Prime Minister Justin Trudeau is warning that his government could stop doing business...

France's Le Pen lauds Ford decision as win for...

Jan 4, 2017

French far-right presidential candidate Marine Le Pen cheered Ford Motor Co.'s decision to shift...

French candidate Fillon wants united Europe, not...

Apr 6, 2017

Conservative French presidential candidate Francois Fillon is campaigning for a tougher united...

The Latest: Trump calls France's Macron to offer...

May 8, 2017

U.S. President Donald Trump has called French President-elect Emmanuel Macron to congratulate him

Macron tries to sell plan to reform France's...

May 23, 2017

French President Emmanuel Macron is holding meetings with unions and business organizations to...

People also read these

Bombardier Inc. to partner with Airbus on C...

Oct 17, 2017

Canadian plane maker Bombardier has a sold a majority stake in its C Series passenger jet business...

Top French banker: Le Pen's euro exit would cost...

Feb 13, 2017

France's central bank chief says that presidential candidate Marine Le Pen's proposal to leave the...

Strikes to hit French Guiana as tensions paralyze...

Mar 27, 2017

French Guiana faced a nationwide strike Monday over crime and economic difficulties, amid protests...

Topsy-turvy French election still has surprises...

Apr 20, 2017

A French presidential campaign that's been filled with unprecedented twists and turns still has...

Leaders pledge to boost climate efforts after...

Jun 2, 2017

World leaders are pledging to boost their efforts to curb global warming in response to President...

About Us

Banking Reporter is the largest-circulated online business news in the United States, bringing a whole new genre of business journalism more up close and more incisive.

Contact us: sales@bankingreporter.com

Subscribe Now!