After the Wall Street index reached a record high last week in the US markets, there was a slowdown in the global markets, given the trend of investors.
Global markets :
France’s CAC slipped 0.1% to 5,931 and Germany’s DAX also fell 0.1% to 13,229. Britain’s FTSE 100 rose nearly 0.3% to 7,322 in afternoon trade.
US share Dow futures were set to drift higher by 0.3% to 28,040. S&P 500 futures were up 0.2% at 3,124.
Japan’s benchmark Nikkei 225 closed up 0.5% at 23,416.76. Australia’s S&P / ASX 200 fell 0.4% to 6,766.80. South Korea’s Kospi was slightly changed, down 0.1% to 2,160.69. Hong Kong’s Hang Seng rose 1.3% to 26,665.26, while Shanghai Composite rose 0.6% to 2,909.20.
“The market’s focus this week will still be on the US-China trade talks and updates in Hong Kong.” Hong Kong’s domestic economy is on the verge of a recession as recent riots have adversely affected its retail, service, tourism, aviation, education sectors and have severely distinguished the city as one of Asia’s most important financial centers Has caused harm, ”Margaret said. Yang Yan, an analyst at CMC Markets in Singapore.
Investors have been encouraged by surprisingly good corporate income, with three interest rate cuts by the Federal Reserve and figures showing the economy is still growing solidly.
Hopefully, the US and China can progress in their latest push for a trade deal, which has helped keep investors in the buying mood.
Traders expect the world’s two largest economies to strike a deal before new and more damaging tariffs are implemented next month. Beijing is pressuring Washington to withdraw the tariffs as part of a possible deal that seeks to drive out nations.
Global markets Investors are speculating on how high the stock may go after crossing the Dow Jones Industrial Average last week, and for the first time the S&P 500 and Nasdaq crossed record highs.
Benchmark crude fell 13 cents to $ 57.59 a barrel. It rose 95 cents to $ 57.72 a barrel on Friday. Internationally, Brent crude dropped 20 cents to $ 63.10 a barrel.
Dollar 108.70 yen to 109.04 yen from Friday. The euro strengthened from $ 1.1033 to $ 1.1061.