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GLOBAL MARKETS 23/01 MONDAY

Yatheendradas C.k. at 08:22 AM - Jan 24, 2017 ( ) Views: 226

GLOBAL MARKETS 23/01 MONDAY

 

Asian stocks generally traded sideways and closed mixed but action still had much the same feel of the past two weeks — continued widespread investor caution about getting overly aggressive on the buying side as Donald Trump becomes U.S. president. Japan's Nikkei 225 shed 1.29% or 246.88 points at 18,891.03. The Shanghai Composite closed up 0.43%  or 13.5 points at 3,136.64.  Hong Kong's Hang Seng was up 0.06% or 12.61 points at 22898.52. Australia's ASX 200 fell 0.77% or 43.78 points to close at 5,610.97. In South Korea, the Kospi closed flat at 2,065.99.


European markets closed lower after U.S. President Donald Trump  took office and promised to pursue a protectionist policy. The Stoxx Europe 600 fell 0.43% to finish at 361.01, Germany’s DAX 30 gave up 0.73% to 11,545.75 and France’s CAC 40 fell 0.60% to 4,821.41. The U.K’s FTSE 100 fell 0.66% to 7,151.18.


U.S. equities fell , but closed off session lows, as investors looked for more details regarding President Donald Trump's policies. The S&P 500 fell 6.11 points, or 0.27%, to close at 2,265.20. The Dow Jones Industrial Average closed down 27.40 points, or 0.14%, at 19,799.85. The Nasdaq Composite Index closed down 2.39 points or 0.04% at 5,552.94.


Oil prices eased on Monday as signs of a strong recovery in U.S. drilling largely overshadowed news that OPEC and non-OPEC producers were on track to meet output reduction goals. Global Bench Mark Brent Crude prices were down 24 cents to $55.25 a barrel .U.S. West Texas Intermediate Crude futures settled down 47 cents to $52.75 a barrel on Friday's close.


Gold rose on Monday, touching its highest in two months as unease over the economic policies of U.S. President Donald Trump pushed investors towards safer assets while the dollar and U.S. bond yields fell. Spot Gold  was up 0.56 percent at $1,216.33 an ounce. It earlier touched $1,219.43, its highest since Nov. 22. U.S. Gold Futures settled $10.70 higher at $1,215.60.



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