· Stock futures rise as S&P 500 tries to build on last week’s gains and reach all-time high
U.S. stock futures rose early Monday morning after Wall Street logged its third consecutive weekly gain, but fell short of breaking the all-time high set on Feb. 19.
Dow Jones Industrial Average futures were up by 87 points. S&P 500 and Nasdaq 100 futures both traded in positive territory.
The S&P 500 climbed 0.6% last week and the Nasdaq Composite advanced 0.1%. The Dow gained 1.8% last week.
· Asia shares push ahead as China markets jump
Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.5% to 565.74, moving nearer to the January top of 574.52.
· Japanese stocks slip as economy shrinks at record rate on pandemic hit
Japanese stocks fell on Monday by the most in over two weeks after data showed the country's economy shrank at a record pace in the second quarter as the COVID-19 pandemic crimped consumer spending. Investors took the data in their stride and locked in profits as the economy slowly emerges from lockdowns. Markets did not react to a domestic media report that Prime Minister Shinzo Abe has entered hospital for an examination.
Industrial and healthcare stocks pulled down the Nikkei 225 Index 0.83% to 23,096.75, its biggest one-day fall since July 31. The broader Topix was down 0.84%.
· China shares end at five-week high on brokerages boost, PBOC injections
China shares closed at their highest in more than a month on Monday after the central bank injected fresh funds into the country’s financial system, with securities firms rallying on hopes for a lift from capital market reforms.
At the close, the Shanghai Composite index was up 2.34% at 3,438.80 and the blue-chip CSI300 index added 2.35%. Both indexes notched their highest closes since July 13.
· European markets fluctuate amid coronavirus and geopolitical tensions
European stocks fluctuated Monday morning amid a choppy start to the week’s trade, with geopolitical tensions and concerns over the spread of the coronavirus on investors’ radar.
The pan-European Stoxx 600 reversed opening losses to climb 0.2%, basic resources adding 1.5% while travel and leisure stocks fell 0.9%.
Reference: CNBC, Reuters
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