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The Breakfast Briefing: Stocks Muted in Europe, Asia as Crude Slips: U.S. Markets Closed
FYI: Stocks muted in Europe, Asia on U.S. holiday Crude oil futures and gold post declines
European markets were muted Thursday as investors prepared for quieter trading sessions with the U.S. closed for Independence Day.
Asian stock markets were mixed, with Japan’s Nikkei 225 gaining 0.3% while the benchmark gauge in China fell by the same magnitude.
Investors are likely to pay close attention to currency markets after President Trump on Wednesday tweeted that China and Europe were manipulating their currencies, and that the U.S. should follow suit. President Trump accused China, Europe of currency manipulation. Photo: antonio bronic/Reuters
Crude oil futures declined by about 1%, while gold prices slid 0.3%.
Meanwhile, government bond yields were muted in Europe, after hitting new lows on Wednesday as investors speculated that the European Central Bank would loosen monetary policy. U.S. Treasurys aren’t trading due to the public holiday.
U.S. stocks ended the prior day after hitting new highs: The Dow Jones Industrial Average closed at a record in its fourth straight session of gains. The S&P 500 index rose to hit its eighth milestone for this year.
