Equities
Asian markets traded mostly lower on Monday, as GDP data from Japan fell short of forecasts, growing by a slim .3%. The Nikkei eased .1% to 8885, the Kospi slumped .7% to 1932, and the ASX 200 edged up .1% to 4283. China’s Shanghai Composite tumbled 1.5% to 2136, as brokerages tumbled on earnings concerns, and the hang Seng declined .3% to 20081.
Shanghai Composite Drops 1.5%
In Europe, the major indexes declined as well. The DAX sank .5% to 6910, the while the FSTE and CAC40 both slipped .3%.
US stocks settled mostly lower, but the losses were minor. The Dow declined 39 points to 13169, the S&P 500 eased .1% to 1404, and the Nasdaq inched up 2 points to 3023.
Currencies
The Euro advanced .4% to 1.2337, and the Swiss Franc moved in step, rising .4% to .9736. The Australian Dollar declined .5% to 1.0521, and the Canadian Dollar slipped .1% to .9925. The Pound settled little changed at 1.5684, and the Yen ticked down less than .1% to 78.33.
Economic Outlook
Tuesday’s reports will include PPI, retail sales, business inventories, and the TIPP economic optimism report.
Asian markets traded mostly lower on Monday, as GDP data from Japan fell short of forecasts, growing by a slim .3%. The Nikkei eased .1% to 8885, the Kospi slumped .7% to 1932, and the ASX 200 edged up .1% to 4283. China’s Shanghai Composite tumbled 1.5% to 2136, as brokerages tumbled on earnings concerns, and the hang Seng declined .3% to 20081.
Shanghai Composite Drops 1.5%
In Europe, the major indexes declined as well. The DAX sank .5% to 6910, the while the FSTE and CAC40 both slipped .3%.
US stocks settled mostly lower, but the losses were minor. The Dow declined 39 points to 13169, the S&P 500 eased .1% to 1404, and the Nasdaq inched up 2 points to 3023.
Currencies
The Euro advanced .4% to 1.2337, and the Swiss Franc moved in step, rising .4% to .9736. The Australian Dollar declined .5% to 1.0521, and the Canadian Dollar slipped .1% to .9925. The Pound settled little changed at 1.5684, and the Yen ticked down less than .1% to 78.33.
Economic Outlook
Tuesday’s reports will include PPI, retail sales, business inventories, and the TIPP economic optimism report.