European stock markets opened flat to marginally higher on Monday as a Deutsche Bank and HSBC-led rise in banking shares offset a fall in airlines following a profit warning from Germany’s Lufthansa.However, markets finished mixed. The pan-European STOXX 600 index finished with a loss of 0.09%. The CAC 40 gained 0.44% and the FTSE 100 rose 0.16%. The DAX lost 0.09%.
Wall Street closed higher on Monday, with Facebook, Apple and Amazon leading the way, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year. The Dow Jones Industrial Average rose 22.92 points or 0.09% to 26,112.53. The S&P 500 index climbed 2.69 points or 0.09% to 2,889.67 as social media, entertainment and real estate stocks rallied. The Nasdaq Composite Index added 48.37 points, or 0.62%, to 7,845.02.
Oil prices fell on Monday after more poor Chinese economic figures fanned fears of slowed worldwide oil demand. Brent crude futures lost $1.07 to settle at $60.94 a barrel, a 1.73 percent loss. U.S. West Texas Intermediate (WTI) crude futures fell 58 cents to settle at $51.93 a barrel, a 1.10 percent loss.
Investor caution ahead of the Federal Reserve’s interest rate meeting capped Asian stocks on today, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions. The markets are generally trading higher as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.23% while the Hang Seng is up 0.81%. The Nikkei 225 is down 0.37%.The Kospi is up 0.51%. The ASX 200 has gain of 0.49%.
SGX Nifty Futures in Singapore Exchange is trading up 18.00 points or 0.15% at 11,716.00
Our Markets are likely to open higher on today following agendral positive trend seen in other Asian and Global markets.
Most Asian stock markets rose on today but gains were capped by investor caution ahead of a U.S. Federal Reserve policy decision, while crude oil prices dipped as global growth worries overshadowed supply concerns. The Hong Kong’s Hang Seng gained 1.00% and the Shanghai Composite rose 0.09%. The Japan's Nikkei 225 lost 0.72%. Korea’s KOSPI climbed 0.38%. AustralianSX 200 closed up 0.60%.
European stocks rebounded today morning following a speech from European Central Bank President Mario Draghi, which suggested that the ECB will provide more stimulus, either through new rate cuts or asset purchases, if inflation does not pick up. The pan-European STOXX 600 index is 0.63%. The CAC 40 is up 0.97% while Germany's DAX is up 0.62% and London's FTSE 100 is up 0.57%.