European stocks see-sawed Monday, as fears over the current state of global trade remained in place. Sharp early losses were erased during the afternoon session. The pan-European Stoxx 600finished up 0.39%. The CAC 40 is up 0.65% while Germany's DAX is up 0.56% and London's FTSE 100 is up 0.32%.
The three major U.S. stock indexes declined on Monday on weaker-than-expected economic data. The tech-heavy Nasdaq Composite entered correction territory, hit by investor fears that regulators might take a fresh shot at industry giants such as Alphabet and Facebook. The Nasdaq Composite Index dropped 120.13 points, or 1.61%, to 7,333.02 The S&P 500 index slid 7.61 points, or 0.3%, to 2,744.45 while the Dow Jones Industrial Average made a comeback to erase a more than 100-point deficit to edge up 4.74 points or 0.02% to 24,819.78.
Oil prices closed lower following a volatile session Monday, edging closer to bear-market territory after downbeat U.S. manufacturing data stoked fresh worries about the health of the world economy. West Texas Intermediate futures, the U.S. crude benchmark, closed down 25 cents or 0.5% at $53.25 a barrel on the New York Mercantile Exchange. Front-month Brent crude futures fell 71 cents, or 1.2%, to $61.28 per barrel, settling at a four-month low.
Asian markets finished lower today with shares in China leading the region. The Shanghai Composite is down 0.96% while Hong Kong's Hang Seng is off 0.49% and Japan's Nikkei 225 is flat lower by 0.01%. The Kospi closed marginally lower 0.04%. The ASX 200 is up 0.19%.
European markets are higher today morning with shares in Germany leading the region. The DAX is up 0.86% while London's FTSE 100 is up 0.19% and France's CAC 40 is up 0.15%. The Pan European STOXX 600 is up 0.22%.