Connect with us

Business

European Stocks Up, Asian Stocks Down on Weak Chinese Factory Data

European Stocks Up, Asian Stocks Down on Weak Chinese Factory Data
European Stocks Up, Asian Stocks Down on Weak Chinese Factory Data

 


BANGKOK Stocks opened mixed Monday in Europe as markets recovered from back-to-back losses recent electoral upheavals throughout the region.

In France, where victories by far-right parties have increased pressure on President Emmanuel Macron, the CAC 40 index rose 0.2% to 7,516.49.

Germany's DAX edged up 0.1% to 18,049.00 and London's FTSE 100 slipped 0.1% to 8,141.68.

Last week, the French CAC 40 lost 6.2%, its worst decline in more than two years. The German DAX lost 1.4%.

European Union Leaders were meeting for a summit dinner to take stock of the European election results and weigh up candidates for the bloc's top jobs.

The elections from June 6 to 9 saw the European Parliament swing to the right. Voters have dealt a blow to the ruling parties in the most powerful countries, France and Germany, and investors fear it could weaken the European Union, block budget plans and ultimately harm the economy. France's ability to pay its debt.

The recent elections also shook the markets Mexico, India and elsewhere.

In Asian trading, stocks mostly fell after China kept its key rate unchanged and reported a slowdown in industrial production in May, with the real estate market still in the doldrums.

Tokyo's Nikkei 225 index lost 1.8% to 38,102.44 and in Seoul the Kospi fell 0.5% to 2,744.10. The Australian S&P/ASX 200 index fell 0.3% to 7,700.30.

Hong Kong's Hang Seng finished flat at 17,936.12, while the Shanghai Composite index lost 0.6% to 3,015.89.

Industrial production fell 5.6% in China in May, the government reported, below analysts' forecasts and slowing from 6.7% the previous month. Retail sales rose just 4.1% in the first five months of the year.

Overshadowing these poor figures, real estate investment fell 10% in May from a year earlier, while property prices in major cities fell 3.2%.

Real estate sales plunged 30.5% year-on-year, further proof that a series of measures aimed at trying to redress the situation slump in the real estate sector have not yet taken root.

Most Southeast Asian markets were closed for holidays, while Thailand's SET lost 1.8% ahead of several key court rulings expected Tuesday in cases against the ruling party or its allies.

Early Monday, the S&P 500 index was down 0.1% while the Dow Jones Industrial Average lost 0.2%.

On Friday, US stocks held around their record highs, with the S&P 500 and Dow Jones down 0.1%. The Nasdaq Composite Index added 0.1% to its record set the day before on gains in technology stocks, closing at 17,688.88.

U.S. stocks set records as hopes grew that inflation would slow enough to convince the Federal Reserve to cut interest rates later this year. Meanwhile, big tech stocks continue to advance almost independently of developments in the economy and interest rates.

In other trading Monday, U.S. benchmark crude oil lost 8 cents to $77.97 a barrel in electronic trading on the New York Mercantile Exchange.

Brent crude, the international standard, fell 6 cents to $82.56 a barrel.

The US dollar fell from 157.39 Japanese yen to 157.68 Japanese yen. The euro rose from $1.0705 to $1.0713.

Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Sources

1/ https://Google.com/

2/ https://www.clickondetroit.com/business/2024/06/17/stock-market-today-asian-shares-mostly-lower-as-china-reports-factory-output-slowed/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]