Global markets start the week mixed with Asian stocks rising (Japan was closed for holiday), European stocks sliding, weighed down by declines in oil-and-gas shares and banks, and S&P500 futures also down. The dollar fell to a six-week low, falling four days in a row for the first time since early November as G20 leaders scrap a long-standing commitment to reject all forms of trade protectionism, suggesting the "weak Dollar" camp in Trump's inner circle is winning.
REUTERS/Jonathan ErnstLONDON (Reuters) - European and Asian shares retreated on Monday as investors waited to see how Donald Trump would fare in a U.S. presidential debate against Hillary Clinton, while oil prices firmed before an informal OPEC meeting.
European shares and S&P futures are modestly lower this morning, dragged down by fresh geopolitical concerns out of North Korea which last night fired 4 ballistic missiles, by renewed political jitters ouf of France where Alain Juppe announced he would not run in the presidential election, from Deutsche Bank whose aggressive equity offering has weighed on local stocks, and from China's announcement over the weekend in which it modestly cut its economic outlook.
Asian stocks rebounded sharply on Thursday after weeks of uncertainty as Wall Street helped sooth investors’ edgy nerves. Global markets showed signs of regaining their footing after an extended rout fueled by growth concerns.
All of this would not have been possible if a key Federal Reserve official had not hinted that, considering the recent market turmoil, a September rate increase by the US had become less likely.
MFS Photography / Shutterstock.com(Reuters) - Stock markets were on course for their biggest weekly gain in two months on Friday after a week of central bank meetings which left investors still unconvinced that U.S. policymakers intend to put an end to an era of ultra-low interest rates.