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· Stocks rose on Friday, the last trading day of the first half of the year, but still posted weekly losses as the underlying market sentiment was soured by anxiety over global trade frictions.
The Dow Jones Industrial Average rose 55.36 points to 24,271.41, with Nike outperforming. The S&P 500 gained 0.1 percent and closed at 2,718.37 as energy jumped0.7 percent. The Nasdaq composite also advanced 0.1 percent to 7,510.30.
But despite the gains, stocks indexes closed lower for the week as initial U.S. and Chinese tariffs are due to take effect next week. The Nasdaq dropped 2.4 percent for the week, its worst weekly performance in three months, while the Dow and S&P 500 fell at 1.3 percent each. The Russell 2000, meanwhile, dropped more than 2percent.
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· Asian shares were subdued early Monday ahead of a week packed with major economic events, while the euro was briefly shaken by signs a German political deal on immigration might be in trouble.
In share markets Japan's Nikkei .N225 dipped 0.2 percent, with a survey of manufacturers showing sentiment had darkened a shade in the face of trade war threats.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was a fraction firmer in early trade. The index shed 2 percent last week as trade concerns clouded the outlook for Chinese growth and pressured asset prices there.
Reference: Reuters, CNBC
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