European markets finished mostly lower on Monday. The stocks stumbled on fears of an escalation in Iran tensions. The Pan European STOXX 600 loose 0.25%. The FTSE 100 gained 0.12%, while the DAX led the CAC 40 lower. They fell 0.53% and 0.12% respectively.
U.S. stocks ended mostly lower on Monday, with only the blue-chip Dow managing to hold onto slight gains, as geopolitical tensions in the Middle East weighed on the oil sector. The Dow Jones Industrial Average rose 8.41 points, or 0.03%, to 26,727.54, the S&P 500 lost 5.11 points, or 0.17%, to 2,945.35 and the Nasdaq Composite dropped 26.01 points, or 0.32%, to 8,005.70.
Oil prices were mixed on Monday as market concerns about the possibility of a conflict between the United States and Iran eased, while worries about declining crude demand resurfaced. Benchmark Brent crude futures settled at $64.86 a barrel, losing 34 cents, or 0.5%. U.S. crude futures settled at $57.90 a barrel, rising 47 cents, or 0.8%.
Stocks in Asia are largely tepid in today morning trade, while investors looked toward to a meeting between U.S. President and Chinese President set to happen later in the week. The Shanghai Composite is off 1.01% while the Hang Seng is down 0.92%. The Nikkei 225 is off 0.22%. The Kospi is 0.22% higher. Australia’s ASX 200 recovered from its earlier slip to rise 0.03%.
SGX Nifty Futures in Singapore Exchange is trading with a loss of 6.00 points or 0.05% at 11,710.00
Our Markets are expected to open flat on today following a mixed trend seen in other Asian/Global markets.
Oil prices were steady on Tuesday, supported by worries over conflict between Iran and the United States but pressured by concerns about a potential decline in demand for crude.Benchmark Brent crude futures were down 53 cents or 0.83% at $63.65a barrel by 03:31 GMT. They rose 0.5% on Monday. U.S. crude futures were down 53 cents or 0.93% at $57.37 a barrel. The U.S. benchmark declined 0.8% in the previous session.
Asian shares finished lower on today by trade worries as expectations of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, while propelling gold prices to six-year peaks. The shares in Hong Kong leading the region. Mainland Chinese stocks recovered partially from their earlier tumble but still slipped on the day. The Hang Seng is down 1.15% while China's Shanghai Composite is off 0.87% and Japan's Nikkei 225 is lower by 0.43%. The Kopsi is down 0.22%. The ASX 200 is of 0.11%.
European shares dipped early on today, as investors shied away from riskier assets in the face of a new round of U.S. sanctions against Iran and doubts over whether Washington and Beijing will make any progress on trade at a G20 summit this week. The pan-European STOXX 600 index fell 0.16% . The FTSE 100 is down 0.32% while France's CAC 40 is off 0.18% and Germany's DAX is lower by 0.10%.