General

Global Markets Mixed in Monday Trading

Global markets were mixed Monday as investors awaited news from Brussels, where European Union leaders negotiated details of a coronavirus pandemic economic rescue package.

In Asia, the Nikkei gained 21 points, but was virtually unchanged in terms of percentages. Hong Kong’s Hang Seng index fell 0.1% in late afternoon trading, while the Shanghai Composite index was up 3.1%.

Sydney’s S&P/ASX index lost 0.5%, the KOSPI index in Seoul closed 0.1% lower, and Taiwan’s TSEC lost 7 points, but was virtually unchanged. Mumbai’s Sensex gained nearly 400 points during the trading day.

In Europe, some indexes gained after a slow start. London’s FTSE index was 0.5% lower in late afternoon trading, while the CAC-40 in Paris was up almost 0.4% and the DAX index in Frankfurt was up 0.8%. In their fourth day of talks, European Union leaders remained deadlocked on the details of an $857 billion recovery package.

In oil trading, U.S. crude oil was selling at $40.20 per barrel, down 0.9%, and Brent crude oil was also down 0.9% at $42.75 per barrel.

In the United States, the Dow Jones Industrial Average was down nearly 0.2% in futures trading, while the Nasdaq was up 1.5% and the S&P 500 was up .4%. Investors this week are bracing for quarterly results from nearly 500 companies.

 

Source: Voice Of America

Comment here