Wall Street splits, Dow dips 19 poin ts, broader markets hit records
"Rarely do you injure yourself falling out of a basement window. With expectations so low in earnings, I think that the end result will end up being better than anticipated," Sam Stovall, chief investment strategist at CFRA Research,told CNBC Monday. "That is encouraging for the market as well."
U.S. Market Highlights
S&P 500 (^GSPC)
Closed at 6,305.60, up 8.81 points or 0.14 percent
Trading volume: 2.624 billion shares
The broad index edged higher, led by consumer discretionary and tech stocks.
Dow Jones Industrial Average (^DJI)
Finished at 44,323.07, down 19.12 points or 0.04 percent
Trading volume: 437.642 million shares
Weakness in financial and industrial stocks weighed on the blue-chip index.
Nasdaq Composite (^IXIC)
Surged to 20,974.17, gaining 78.52 points or 0.38 percent
Trading volume: 11.124 billion shares
Big Tech continued its rally ahead of this week's earnings reports.
Forex Markets See Euro and Pound Rally While Yen Strengthens Against U.S. Dollar
Monday's foreign exchange session saw the euro and British pound extend gains against the U.S. dollar, while the Japanese yen posted its strongest daily advance in weeks despite the outcome of Sunday's elections.
Key Currency Movements
EUR/USD (Euro / US dollar)
Rate: 1.1694 (+0.01)
Daily Change: +0.59 percent
The euro continued its upward momentum as ECB officials signaled patience on rate cuts.
USD/JPY (US dollar / Japanese yen)
Rate: 147.30 (-1.49)
Daily Change: -1.00 percent
The yen advanced as Sunday's election result was built-in..
GBP/USD (British pound / US dollar)
Rate: 1.3487 (+0.01)
Daily Change: +0.59 percent
Sterling gained as UK inflation concerns delayed Bank of England easing expectations.
USD/CAD (US dollar / Canadian dollar)
Rate: 1.3685 (-0.00)
Daily Change: -0.24 percent
The loonie held steady as oil prices offset broader USD weakness.
USD/CHF (US dollar / Swiss franc)
Rate: 0.7981 (-0.00)
Daily Change: -0.38 percent
The franc benefited from safe-haven flows amid Middle East tensions.
Commodity Currencies
AUD/USD: 0.6524 (+0.00, +0.32 percent)
NZD/USD: 0.5971 (+0.00, +0.27 percent)
Both antipodean currencies edged higher despite China growth concerns.
Market Drivers
Trading was dominated by:
Shifting central bank expectations (BOJ, Fed, ECB)
Geopolitical tensions supporting safe havens
Commodity price stabilization
Outlook
With critical U.S. GDP and PCE data due this week, analysts warn of potential increased volatility across major currency pairs. The yen's momentum will be closely watched ahead of Friday's Tokyo CPI print.
Global Stocks Markets Close Mixed on Monday; Asia and Europe Show Divergent Trends
Global stock markets delivered a mixed performance on Monday, with gains in some key Asian and European indices offset by declines in others. Investors weighed economic data and corporate earnings as trading sessions wrapped up across major financial hubs.
Canadian Market Update
S&P/TSX Composite (^GSPTSE)
Closed at 27,317.00, up 2.99 points or 0.01 percent
Trading volume: 217.735 million shares
The energy sector offset losses in materials as oil prices stabilized.
UK and Europe: FTSE Rises, CAC 40 Slips
In the United Kongdom, the FTSE 100 (^FTSE) edged higher, closing at 9,012.99, up 20.87 points or 0.23 percent, supported by gains in energy and financial stocks.
In Europe, Germany's DAX (^GDAXI) also saw a modest increase, finishing at 24,307.80, a rise of 18.29 points or 0.08 percent.
However, France's CAC 40 (^FCHI) dipped 24.45 points or 0.31 percent to 7,798.22, while the broader EURO STOXX 50 (^STOXX50E) fell 16.25 points or 0.30 percent to 5,342.98. Belgium's BEL 20 (^BFX) bucked the trend, climbing 9.69 points or 0.21 percent to 4,554.08.
Asia and Pacific: Mixed Movements Amid Earnings Season
Asian markets were largely positive, with Hong Kong's Hang Seng Index (^HSI) jumping 168.48 points or 0.68 percent to 24,994.14. Singapore's STI Index (^STI) gained 17.63 points or 0.42 percent, closing at 4,207.13.
In China's, the SSE Composite (000001.SS) added 25.31 points or 0.72 percent to 3,559.79.
Japan's Nikkei 225 (^N225) dipped 82.09 points or 0.21 percent to 39,819.11.
Australia's S&P/ASX 200 (^AXJO), however, dropped sharply by 89.00 points or 1.02 percent to 8,668.20, while the All Ordinaries (^AORD) fell 80.60 points or 0.89 percent to 8,926.20.
New Zealand's S&P/NZX 50 (^NZ50) climbed 81.11 points or 0.63 percent to 12,961.51.
India's S&P BSE SENSEX (^BSESN) rose 442.62 points or 0.54 percent to 82,200.34, and Indonesia's IDX Composite (^JKSE) surged 86.28 points or 1.18 percent to 7,398.19.
Other Key Markets
South Korea's KOSPI (^KS11) advanced 22.74 points or 0.71 percent to 3,210.81.
Taiwan's TWSE (^TWII) slipped 42.57 points or 0.18 percent to 23,340.56.
Middle East
Israel's TA-125 (^TA125.TA) gained 28.69 points or 0.93 percent to 3,117.36.
Egypt's EGX 30 (^CASE30) rose 58.60 points or 0.17 percent to 34,129.60.
Africa
South Africa's Top 40 USD (^JN0U.JO) increased 49.73 points or 0.90 percent to 5,577.38.
Market Outlook
Analysts noted that trading sentiment remained cautious amid geopolitical tensions and anticipation of central bank policy decisions. With earnings season in full swing, corporate results are expected to drive further volatility in the coming sessions.
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