Global Markets . 18/07 Monday
Asian stock markets were mostly higher yesterday after Wall Street ended the week up, a Turkish military coup failed and China reported better economic data. The Hang Seng Index closed up 0.66%. But the Shanghai Composite Index fell 0.35%. Japanese markets were closed for a holiday. South Korea's Kospi index added or 0.19%. Australia’s ASX 200 was up 0.53%.
Europe finished mixed. The Stoxx Europe 600 rose 0.23% to end at 338.70. U.K’s FTSE 100 rose .039% to end at 6695.42. Germany’s DAX 30 edged down less than 0.04% to finish at 10,063.13. France’s CAC 40 shed 0.34% to close at 4,357.74.
U.S. stocks closed at all-time highs as Bank of America's quarterly results helped investor confidence going into earnings season. The S&P 500 closed up 5.15 points, or 0.24%, at 2,166.89. The Dow industrials closed at a new high in a row added 16.50 points, or 0.09%, to close at 18,533.05. The Nasdaq Composite Index rose 26.19 points, or 0.52%, to close at 5,055.78.
Oil prices fell on Monday as rising stockpiles of crude and refined fuel intensified fears that another major glut is building. Brent Crude futures fell 60 cents, or 1.26 percent, at $47.01 a barrel. U. S. Crude futures settled down 71 cents, or 1.6 percent, at $45.24 a barrel.
Gold futures drifted around the previous settlement with little in the way of fresh economic drivers, which produced lacklustre trading. Gold for August delivery on the Comex division of the New York Mercantile Exchange was last up $1.0 or 0.1 percent to $1,328.40 per ounce. Comex silver for September delivery fell 9.5 cents or 0.5 percent to $20.070 per ounce.