Dow advances while S&P 500, Nasdaq slip
US stocks slipped on Monday as losses in energy shares offset gains in retailers. The dollar strengthened supported by home sales data and hawkish comments by Dallas Fed President Rob Kaplan: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.1% to 92.887. S&P 500 closed 0.2% lower settling at 2601.42. The Dow Jones Industrial Average meanwhile rose 0.1% to 23580.78. The NASDAQ Composite index lost 0.2% to 6878.52.
Bank stocks lead European markets to decline
European stocks further retreated on Monday led by bank shares. Both the euro and British Pound fell against the dollar. The Stoxx Europe 600 index ended 0.5% lower in a choppy trade. The DAX 30 fell 0.5% to 13000.20. France’sCAC 40 lost 0.6% and UK’s FTSE 100 finished 0.4% lower at 7383.90.
China concerns weigh on Asian markets down
Asian stock indices are mixed today with concerns about volatile Chinese markets weighing on market sentiment.Nikkei closed less than 0.1% higher at 22502.00 helped by a weaker yen against the dollar. Chinese stocks are mixed: the Shanghai Composite Index is 0.3% higher while Hong Kong’s Hang Seng Index is down 0.4%. Australia’s ASX All Ordinaries is 0.1% lower as Australian dollar rebounded against the US dollar.
Oil edges lower
Oil futures prices are inching lower today as TransCanada Corporation (TO:TRP) said it would restart the 590,000 barrel per day Keystone pipeline to the US at reduced pressure later on Tuesday. Prices edged lower Monday on doubt over an extension to a production cut deal at the OPEC November 30 meeting. January Brent crude settled at $63.84 a barrel on Monday.