Global markets are blended Monday following bad economic news from Japan. After a strong start to the trading day, European markets are stumbling a bit at the midday mark, with Britain’s FTSE index and Germany’s DAX index both 0.1% higher, while the CAC-40 index in France has actually lost 2 points, but is virtually flat. Individuals wait at a traffic intersection, reflected on a screen showing Japan’s Nikkei 225 index at a securities company in Tokyo on Aug. 17, 2020.
Hours earlier in Asia, Japan’s Nikkei index dropped 0.8% after a report the country’s economy diminished 7.8% between April and June, the worst second-quarter numbers ever posted by the world’s third-largest economy. Elsewhere in Asia, Australia’s S&P/ ASX index also finished 0.8% lower. Hong Kong’s Hang Seng index is up 0.6%, and Shanghai’s Composite index ended 2.3% higher. The KOSPI index in South Korea was down 1.2%, while Taiwan’s TSEC closed up 1.2%.
In late afternoon trading, Mumbai’s Sensex is up 0.4%. In products trading, gold is trading at $1,961.60 an ounce, up 0.6%. U.S. crude oil is selling at $41.95 per barrel, down 0.1%, and Brent crude is up $44.67 per barrel, down 0.2%. All
three significant U.S. indices are trending up in futures trading just hours prior to Wall Street’s opening bell. Source