Zinger Key Points
- Japan's Nikkei 225 closed higher, Shanghai Composite closed lower and Hang Seng index in Hong Kong fell.
- The DAX index in Germany, CAC 40 in France and the U.K.'s FTSE 100 traded higher.
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On Friday, the U.S. markets ended mixed, as gains in energy, utilities, and consumer staples stocks offset losses in mega-cap growth stocks, resulting in an almost flat S&P 500.
The Dow Jones Industrial Average closed higher by 0.07% at 34,500.66 on Friday; the S&P 500 was down 0.01%, closing at 4,369.71; and the Nasdaq Composite slid 0.20%, ending the session at 13,290.78.
Investors await the Federal Reserve's summer conference for Interest rate updates.
Asian Markets Today
- Japan's Nikkei 225 closed Monday's session higher by 0.29% at 31,552.50, after a 3.2% drop last week.
- Australia's S&P/ASX 200 fell 0.46%, ending the session at 7,115.50; the big-4 banks saw red, while mining stocks gained.
- Shanghai Composite closed the session at 3,092.98, down 1.24%, Shenzhen CSI 300 slid 1.44% to close at 3,729.55, and the Hang Seng index in Hong Kong fell 1.65%, closing at 17,612.00.
- People's Bank of China loan prime rate 3.45% vs. 3.40% est.; 3.55% prior. China offered a lesser reduction in lending rates than investors had anticipated.
Eurozone at 05:30 AM ET
- The Pan-European STOXX 600 index is up 0.80%.
- The DAX index in Germany traded 0.83% higher, and the CAC 40 in France rose 1.20%.
- The U.K.'s FTSE 100 traded higher by 0.68%.
Commodities at 05:30 AM ET
- Crude Oil WTI was trading higher by 0.64% at $81.18/bbl, and Brent was up 0.64% to $85.34/bbl.
- Natural Gas was trading higher by 2.70% at $2.620.
- Gold was trading higher by 0.11% at $1,918.55, Silver rose by 0.73% to $22.900, and Copper was down 0.02% to $3.7047.
US Futures at 05:30 AM ET
Dow futures were up 0.33%, S&P 500 futures rose 0.44%, and Nasdaq 100 futures rose 0.63%.
Forex at 05:30 AM ET
The U.S. Dollar Index was down 0.07% to 103.37. USD/JPY was up 0.23% to 145.72, while USD/AUD was down 0.01% to 1.56.01.
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