FYI: Global stocks posted tepid advances on Monday, building on the prior week’s gains as investors awaited the outcome of a meeting between the U.S. and Chinese leaders at the G-20 summit over trade later this week.
The Stoxx Europe 600 gained 0.2% in opening trade, with most regional indexes higher, though Germany’s DAX was an exception, dropping 0.1% at the open.
Shares in auto maker Daimler dropped 3.5%, the worst in the pan-European index, after the company issued a profit warning. Meanwhile, German retailer Metro AG shares advanced 2.5% after the company received a takeover offer, which it rejected. France’s Carrefour was also up, by 2.5%, after it agreed to sell a stake in its Chinese business.
In Asia, Hong Kong’s Hang Seng and Japan’s Nikkei both edged up 0.1% and stocks in Shanghai gained 0.2%, though shares in Shezhen slipped 0.1%.
Futures for the Dow Jones Industrial Average gained 0.3%, while S&P 500 futures climbed 0.3%.
In currency markets, the Turkish lira jumped 1.7% against the U.S. dollar after an opposition candidate won a crucial ballot for Istanbul mayor on Sunday, exposing troubles in President Recep Tayyip Erdogan’s long-dominant ruling party.
The WSJ Dollar Index, which measures the U.S. currency against a basket of its peers, slipped 0.1%.
A merchant counted Turkish lira in Istanbul in March. Photo: murad sezer/Reuters
Meanwhile, bitcoin slipped 2.5% against the dollar to trade at $10,801, after having crossed the $11,000 milestone over the weekend.
In commodities, Brent crude, the global benchmark, climbed 0.8% to $57.90 a barrel, and gold gained 0.5%.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-advance-to-start-the-week-11561365026Bloomberg:
https://www.bloomberg.com/news/articles/2019-06-23/asia-stocks-to-start-mixed-oil-in-focus-on-iran-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-rally-china-trade-talks-lululemon-stock-servicenow-stock/CNBC:
https://www.cnbc.com/2019/06/24/dow-futures-higher-amid-growing-tensions-between-iran-and-the-us.htmlReuters:
https://www.reuters.com/article/us-mideast-iran-usa/u-s-prods-iran-for-talks-to-ease-gulf-tensions-tehran-dismisses-sanctions-threat-idUSKCN1TO0DXU.K.
https://uk.reuters.com/article/uk-britain-stocks/britains-ftse-100-steady-sino-u-s-trade-talks-back-in-focus-idUKKCN1TP0MUEurope:
https://www.reuters.com/article/europe-stocks/update-1-daimler-warning-pressures-european-shares-eyes-on-g20-idUSL4N23V1ZMAsia:
https://www.marketwatch.com/story/asian-stock-markets-tick-higher-as-china-confirms-xi-headed-to-g-20-2019-06-23/printBonds:
https://www.cnbc.com/2019/06/24/us-treasury-yields-lower-amid-tensions-with-iran.htmlCurrencies:
https://www.cnbc.com/2019/06/24/forex-market-potential-fed-rate-cut-us-china-trade-in-focus.htmlOil:
https://www.cnbc.com/2019/06/24/oil-market-middle-east-tensions-us-iran-in-focus.htmlGold:
https://www.cnbc.com/2019/06/24/gold-market-us-dollar-moves-middle-east-tensions-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
