· U.S. stocks barely budged on Monday, with slight gains in shares of Apple offset by mixed economic data that added to caution over the prolonged U.S.-China trade war.
Investors also have been cautious about progress in Sino-U.S. trade talks after a Chinese agriculture delegation canceled a visit to Montana.
The Dow Jones Industrial Average .DJI rose 14.92 points, or 0.06%, to 26,949.99, the S&P 500 .SPX lost 0.29 points, or 0.01%, to 2,991.78 and the Nasdaq Composite .IXIC dropped 5.21 points, or 0.06%, to 8,112.46.
· European shares were sharply lower Monday afternoon, as investors reacted to weaker-than-expected economic data and the collapse of one of the world’s most well-known tour operators.
The pan-European Stoxx 600 was down around 0.8% during afternoon deals, with most sectors and major bourses in negative territory.
Europe’s autos sector, mining sector, and banking index all traded sharply lower. France’s Peugeot Citroen, Germany’s Commerzbank and the Netherlands’ ArcelorMittal were the worst performers from their respective sectors.
Fragile market sentiment deteriorated on Monday after business activity data from the bloc’s biggest economy added to investors’ recession fears.
· Stocks in Asia edged up Tuesday morning as weak economic data in Europe fueled fears of slowing growth.
In Japan, the Nikkei 225 advanced 0.34% despite shares of index heavyweights Fast Retailing and Softbank Group declining 0.97% and 0.84%, respectively. The Topix index also gained 0.64%.
Over in South Korea, the Kospi was largely flat as shares of automaker Hyundai Motor jumped 1.13%. Australia’s S&P/ASX 200 gained 0.12%.
Overall, the MSCI Asia ex-Japan index added 0.06%.
Thai
Eng