FYI: Global stocks opened slightly lower Monday as investors took stock of last week’s rally, following progress in U.S.-China trade talks and strong U.S. employment figures, while conflict in Libya sent oil prices higher.
In Europe, the Stoxx Europe 600 was down 0.1% in morning trading. Futures pointed to small opening declines on Wall Street of 0.2% for the Dow Jones Industrial Average and 0.1% for the S&P 500.
In Asia, the Shanghai Stock Exchange was down 0.1%, Hong Kong’s Hang Seng Index gained 0.4% and Japan’s Nikkei dipped 0.2%.
The buoyant mood that propelled markets at the beginning of 2019 has faded in recent weeks as many investors question how long the expansion in the U.S. economy can go on.
The WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, was down 0.1% Monday.
The 10-year U.S. Treasury yield edged down to 2.492% from 2.503% Friday. Yields move inversely to prices.
Elsewhere in commodities, global benchmark Brent crude oil was down 0.3% at $70.43 a barrel.
In the U.K, investors were watching closely as Brussels was set to decide on an extension to the Brexit deadline, perhaps setting a date at the end of the year or even in 2020, while Prime Minister Theresa Maysought to cooperate with the opposition Labor Party’s Jeremy Corbyn.
The British pound was flat on the dollar and up 0.1% against the euro Monday. The FTSE 100 index, which is dominated by large international businesses, and the FTSE 250 both dropped 0.1%.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-pause-for-breath-after-last-weeks-rally-11554709931Bloomberg:
https://www.bloomberg.com/news/articles/2019-04-07/asia-stocks-set-for-gains-treasury-yields-slip-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-current-stock-market-rally-bull-market-amd-apple-boeing/CNBC:
https://www.cnbc.com/2019/04/08/stock-market-wall-street-mood-cautious-ahead-of-earnings-season.htmlU.K.:
https://uk.reuters.com/article/uk-britain-stocks/londons-ftse-100-dips-industrials-weak-after-boeing-737-output-cut-idUKKCN1RK0QXEurope:
https://www.reuters.com/article/europe-stocks/european-shares-fall-as-tech-auto-stocks-weigh-idUSL3N21Q1SSAsia:
https://www.marketwatch.com/story/asia-stocks-start-off-monday-by-adding-to-solid-gains-of-previous-week-2019-04-07/printBonds:
https://www.cnbc.com/2019/04/08/us-bonds-treasury-yields-lower-amid-economic-data-auctions.htmlCurrencies:
https://www.cnbc.com/2019/04/08/forex-market-us-jobs-report-brexit-decision-in-focus.htmlOil:
https://www.cnbc.com/2019/04/08/oil-market-opec-supply-cuts-us-sanctions-in-focus.htmlGold:
https://www.cnbc.com/2019/04/08/gold-market-us-jobs-data-fed-meeting-in-focus.htmlCurrent Futures:
https://finviz.com/futures.ashx
