Equities
Asian markets settled modestly lower on Monday, with no news to digest. The ASX 200 slipped .1% to 4364, the Shanghai Composite declined .4% to 2107, and the Hang Seng eased less than .1% to 20104. The Kospi ended flat, while the Nikkei managed a slight gain of .1% to 9171.
European indexes fell, as a newspaper report dismissed the notion that the ECB would cap bond yields to stabilize the region. The FTSE fell 5.5% to 5824, the CAC40 slipped .1% to 3481, and the DAX eased .1% to 7034. Banking shares sank 1.4%, and mining shares slumped 1.3%, leading the losers.
In the US, stocks closed flat after trading in an unusually narrow range. The Dow closed down 4 points to 13272, after moving in a 45 point range. The Nasdaq and S&P were unchanged.
Currencies
The currency markets also traded narrowly, with the Dollar ending slightly lower. The Yen advanced .2% to 79.28, while the Swiss Franc, Euro, Pound, and Australian Dollar all rose .1%.
Economic Outlook
No major economic reports are scheduled for Tuesday. Earnings are due from best Buy, Dell, Intuit, and Williams Sonoma.
Asian markets settled modestly lower on Monday, with no news to digest. The ASX 200 slipped .1% to 4364, the Shanghai Composite declined .4% to 2107, and the Hang Seng eased less than .1% to 20104. The Kospi ended flat, while the Nikkei managed a slight gain of .1% to 9171.
European indexes fell, as a newspaper report dismissed the notion that the ECB would cap bond yields to stabilize the region. The FTSE fell 5.5% to 5824, the CAC40 slipped .1% to 3481, and the DAX eased .1% to 7034. Banking shares sank 1.4%, and mining shares slumped 1.3%, leading the losers.
In the US, stocks closed flat after trading in an unusually narrow range. The Dow closed down 4 points to 13272, after moving in a 45 point range. The Nasdaq and S&P were unchanged.
Currencies
The currency markets also traded narrowly, with the Dollar ending slightly lower. The Yen advanced .2% to 79.28, while the Swiss Franc, Euro, Pound, and Australian Dollar all rose .1%.
Economic Outlook
No major economic reports are scheduled for Tuesday. Earnings are due from best Buy, Dell, Intuit, and Williams Sonoma.