Updated June 20, 2022 3:57 a.m. ET
International stocks were mixed on Monday as investors reacted to mixed signals about the economy, while US markets were closed for the holiday.
All three major indices ended last week with heavy losses. The S&P 500 fell 5.8% for the week, its biggest drop since the Covid pandemic rocked markets in March 2020. The Dow Jones fell 4.8% for the week, its biggest drop since October 2020.
On Monday, the pan-European Stoxx Europe 600 index was broadly flat, as gains in the financials and consumer discretionary sectors were tempered by losses in the materials and industrials sectors. Carnival added 4.6% for a two-session winning streak and Royal Mail jumped 3.8%. Rio Tinto Group fell 2.3% on a three-day losing streak and easyJet was down 3.6%.
The FTSE 100 climbed 0.4%. Other stocks in Europe were mixed, with Britain’s FTSE 250 gaining 0.3% and Germany’s DAX 0.2%, while France’s CAC 40 traded mostly flat and lost 0.1%. %.
The Swiss Franc and Euro rose 0.4% and 0.3% against the US Dollar respectively and the British Pound was flat against the US Dollar with 1 Pound buying $1.22.
In commodities, international benchmark Brent fell 0.1% to $113.02 a barrel. Gold rose 0.1% to $1,842.70 per troy ounce.
The yield on the 10-year German Bunds fell from 1.658% to 1.677% and the yields on the 10-year gilts fell from 2.500% to 2.506%. Yields move inversely to bond prices.
In Asia, indices were mixed, with Hong Kong’s Hang Seng climbing 0.3% after falling 1% during the session, while Japan’s Nikkei 225 index was down 0.7%. after rising 0.7% and China’s benchmark Shanghai Composite was flat after hovering between 0.5% and minus 0.7%.
—An artificial intelligence tool was used to create this article.
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