Global stocks falter ahead of economic data from the United States and China | Business news



The Associated Press

A currency trader works near the screens that show the Korea Compound Price Index (KOSPI), on the left, and the exchange rate between the US dollar and the South Korean won in the trading room exchange in Seoul, South Korea, Monday, November 12. 2018. Asian markets were mostly higher on Monday before key economic data, such as the industrial production figures of China and Japan later in the week. (AP Photo / Lee Jin-man) The Associated Press

By ANNABELLE LIANG, Associated Press

SINGAPORE (AP) – Global markets mixed on Monday before the release of economic data from the United States and China, which could show the effects of a trade dispute between the two largest economies in the world.

KEEP THE SCORE: Germany's DAX lost 0.6 percent to 11,465.63 in early trade, while Britain's FTSE 100 rose 0.4 percent to 7,130.04. France's CAC 40 lost 0.2 percent to 5,094.70. Wall Street was ready for a flat opening. Futures for the S & P 500 index were less than 0.1 percent higher at 2,779.80. Dow futures fell almost 0.1 percent to 25,963.00.

ASIA DAY: Japan's Nikkei 225 added 0.1 percent to 22,269.88. The Hang Seng of Hong Kong rose 0.1 percent to 25,633.18. The Shanghai Composite index rebounded 1.2 percent to 2,630.52 after closing lower every day last week. The S & P-ASX 200 of Australia gained 0.3 percent to 5,941.30. The Kospi in South Korea fell 0.3 percent to 2,080.44. Shares remained stable in Thailand, but were lower in Singapore, Thailand, Indonesia and the Philippines.

GLOBAL GROWTH: Markets are watching the release of US inflation data. UU On behalf of the Labor Department on Wednesday, which focuses on consumer prices. In Asia, traders are waiting for industrial production data from China and Japan. They will look for signs of a recovery in the Chinese economy, where car sales fell for the fourth consecutive month in October. Concerns about the weakening of China's economic growth and its arduous trade dispute with the United States have affected global stock markets.

ANALYST & TAKE: "It's a data-centric week this week in which the US CPI is expected to be the highlight of suggestions about the Federal Reserve and also about the market in general, particularly the dollar, "said Jingyi Pan of IG in a market comment.

ENERGY: Oil futures recovered with the news that the main producers planned to reduce production. Saudi Arabia's energy minister, Khalid al-Falih, said Sunday that the kingdom will reduce exports by around 500,000 barrels per day, from November to December. Russian oil minister Alexander Novak told a meeting of oil producers in Abu Dhabi that his country was open to cuts. US benchmark crude recovered from 10 days of losses, adding 85 cents to $ 61.04 per barrel on the New York Mercantile Exchange. The contract yielded 48 cents to $ 60.19 in the previous session. Brent crude, used to price international oils, collected $ 1.37 to $ 71.55. It fell 47 cents to $ 70.18 in London.

COINS: The dollar strengthened to 114.01 yen from 113.83 yen last Friday. The euro fell to $ 1.1260 from $ 1.1345.

Copyright 2018 The Associated Press. All rights reserved. This material can not be published, disseminated, rewritten or redistributed.


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