Global Stocks Mixed; U.S. Market Shut

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US markets will be closed for Juneteenth for the first time on Monday

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The three major indices ended the week with sharp losses. The S&P 500 fell 5.8% for the week, its biggest drop since the Covid pandemic hit markets in March 2020. The Dow fell 4.8% for the week, its biggest drop since October 2020.

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On Monday, the pan-European Stokes Europe 600 index was broadly flat, as gains in the financial and consumer discretionary sectors were muted by losses in the material and industrials sectors. Carnival added 4.6% for a two-season winning streak, and Royal Mail jumped 3.8%. Rio Tinto Group slipped 2.3% for a three-day losing streak and EasyJet fell 3.6%.

The FTSE 100 rose 0.4%. Other stocks in Europe were mixed as the UK’s FTSE 250 gained 0.3% and Germany’s DAX rose 0.2%, while France’s CAC 40 traded mostly flat and declined 0.1%.

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The Swiss franc and euro were up 0.4% and 0.3% respectively against the US dollar and the British pound was flat against the US dollar, buying 1 pound at $1.22.

Among commodities, international benchmark Brent crude was down 0.1% at $113.02 a barrel. Gold rose 0.1% to $1,842.70 per troy ounce.

The yield on the German 10-year bonds increased from 1.658% to 1.677% and the 10-year gilt yield increased from 2.50% to 2.506%. Yields move inversely to bond prices.

In Asia, indices were mixed as Hong Kong’s Hang Seng rose 0.3% during the session, while Japan’s Nikkei 225 index was down 0.7% after trading more than 0.7% and China’s benchmark Shanghai Composite was flat after teetering between 0.5 per cent. . % and minus 0.7%.

—An artificial-intelligence device was used in the making of this article.

Credit: www.Businesshala.com /

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