Investing.com - U.S. shares closed mixed Monday, as global slowdown fears were sparked by a Chinese economic slump that may lead to an easing of monetary policy in the world’s second largest economy.
At the close of U.S. trade, the Dow Jones Industrial Average gained 0.29%, the S&P 500 index was flat, while the Nasdaq Composite advanced 0.16%.
Launching the equity bearishness, China posted its biggest trade deficit since at least 1989 for last month.
This report added bearishness to the slow factory orders and retail sales reports from last week, increasing global slowdown fears and worries about monetary easing.
However, China’s central bank stated it will maintain prudent fiscal policy but will take pre emptive measures if needed.
In Greek news, finance ministers from the euro zone met in Brussels today to approve the island nation’s bailout package.
Last week bondholders agreed to swap Greece’s privately held debt for new securities increasing hopes of economic improvement in the struggling country.
Meanwhile, in Portugal bonds are yielding over 13% resulting in worries that the nation is next in line for a bailout
Glencore soared 30.9% as the commodity trading company made a bid for Viterra, Canada’s largest grain handler.
Michael Kors gave back 3.6% after the luxury goods maker announced a secondary offering of 25 million shares.
Oracle fell 1.6% upon being cut to hold at Jeffries Group.
Pepsi Co gained 0.8% after Brian Cornell rejoined the company as CEO of America’s foods division.
Velti, the mobile marketing company, jumped 16% after beating fourth quarter revenue estimates.
At the close of European trade, the EURO STOXX 50 gave back 0.29%, France's CAC 40 fell 0.23%, while Germany’s DAX advanced 0.03%. Meanwhile, in the U.K. the FTSE 100 traded up by 0.03%.
Investors are awaiting the Bank of Japan’s interest rate announcement, ZEW German and euro zone economic sentiment index, as well as U.S. retail sales and Fed announcement on Tuesday.
At the close of U.S. trade, the Dow Jones Industrial Average gained 0.29%, the S&P 500 index was flat, while the Nasdaq Composite advanced 0.16%.
Launching the equity bearishness, China posted its biggest trade deficit since at least 1989 for last month.
This report added bearishness to the slow factory orders and retail sales reports from last week, increasing global slowdown fears and worries about monetary easing.
However, China’s central bank stated it will maintain prudent fiscal policy but will take pre emptive measures if needed.
In Greek news, finance ministers from the euro zone met in Brussels today to approve the island nation’s bailout package.
Last week bondholders agreed to swap Greece’s privately held debt for new securities increasing hopes of economic improvement in the struggling country.
Meanwhile, in Portugal bonds are yielding over 13% resulting in worries that the nation is next in line for a bailout
Glencore soared 30.9% as the commodity trading company made a bid for Viterra, Canada’s largest grain handler.
Michael Kors gave back 3.6% after the luxury goods maker announced a secondary offering of 25 million shares.
Oracle fell 1.6% upon being cut to hold at Jeffries Group.
Pepsi Co gained 0.8% after Brian Cornell rejoined the company as CEO of America’s foods division.
Velti, the mobile marketing company, jumped 16% after beating fourth quarter revenue estimates.
At the close of European trade, the EURO STOXX 50 gave back 0.29%, France's CAC 40 fell 0.23%, while Germany’s DAX advanced 0.03%. Meanwhile, in the U.K. the FTSE 100 traded up by 0.03%.
Investors are awaiting the Bank of Japan’s interest rate announcement, ZEW German and euro zone economic sentiment index, as well as U.S. retail sales and Fed announcement on Tuesday.