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GLOBAL FINANCIAL MARKETS

Yatheendradas C.k. at 06:30 AM - Jan 26, 2016 ( ) Views: 334

Asian markets maintained a positive start to the new trading week on Monday, continuing to recover from the global rout that hammered stocks in the first few weeks of 2016.The Hang Seng Index was up 1.36%, Nikkei Stock Average was up 0.90%. The Shanghai Composite Index rose nearly 0.75%.South Korea’s Kospi  gained 0.74%. Australia's ASX200  tacked on 1.84%.

European markets finished in negative territory on Monday as a renewed slip in oil prices weighed on investor sentiment. Despite a positive open, the pan-European STOXX600  reversed early gains to close down some 0.62% to 336.27 . In Frankfurt, the DAX 30  ended 0.29% lower at 9,736.15. In London, the commodities-heavy FTSE 100  dipped 0.39% t0  5677. In Paris, the CAC 40   fell 0.58% to 4,311.33.


US stocks slide as energy prices tumble. The S&P 500  lost 29.83 points, or 1.56%, to close at 1,877.08. The Dow Jones Industrial Average  dropped 208.29 points, or 1.29%, to end at 15,885.22. The Nasdaq Composite settled down 72.69 points, or 1.58%, at 4,518.49.


Oil hits commodity stocks.U S Crude settled down $1.85, or 5.75 percent, at $30.34 a barrel, and later fell further to $29.71 per barrel. Brent Crude the global benchmark, was last down $2.47 at $30.03 a barrel, losing about 6 percent.


Gold climbs amid renewed stimulus hopes. Gold for February delivery on the Comex division of the New York Mercantile Exchange was last up $9.30 or 0.9 percent to $1,105.60 per ounce. Comex silver for March settlement rose 18.8 cents or 1.3 percent to $14.245 per ounce.


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