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Global Benchmarks Mixed Monday 09/28 04:48
Global shares were trading mixed Monday after a cooldown in oil prices last
week helped U.S. stocks close out their first winning week in the last three.
TOKYO (AP) -- Global shares were trading mixed Monday after a cooldown in
oil prices last week helped U.S. stocks close out their first winning week in
the last three.
France's CAC 40 edged up 0.3% in early trading to 8,097.99, while the German
DAX added 0.2% to 25,464.53. Britain's FTSE 100 rose 0.3% to 10,725.57. U.S.
shares were set to drift lower with Dow futures dipped 0.3% to 51,992.00. S&P
500 futures shed 0.4% to 7,770.75.
Japan's benchmark Nikkei 225 declined 0.7% to finish at 65,877.62.
Australia's S&P/ASX 200 added 0.2% to 8,679.70. South Korea's Kospi dipped
2.7% to 6,889.74. Hong Kong's Hang Seng rose 0.5% to 24,642.51, while the
Shanghai Composite lost 1.7% to 3,823.62.
In energy trading, benchmark U.S. crude gained 3.41% to $95.56 a barrel.
Brent xrude, the international standard, rose 3.73% to $108.21 a barrel.
Last week, Brent oil had momentarily dropped to $97-levels. The price is
volatile because of uncertainty about when the https://apnews.com/hub/iran will
allow
https://apnews.com/article/iran-us-war-saudi-oil-export-price-3aa72ed92a4e38ffd1
dd4003e0c3ed49 from the Middle East, including access to
https://apnews.com/hub/strait-of-hormuz.
In currency trading, the U.S. dollar fell to 156.93 Japanese yen from 157.19
yen. The euro cost $1.1377, down from $1.1393.
Analysts say market players are closely watching upcoming inflation
indicators to see if global central banks will stay hawkish, as they have been.
Also of interest of late are AI shares, as those companies continue to post
strong earnings, despite public expressions from various influential people
about the risks of the technology.
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