- South Africa opt for all-pace attack against Pakistan
- Guardiola adamant Man City slump not all about Haaland
- Global stocks mostly higher in thin pre-Christmas trade
- Bethlehem marks sombre Christmas under shadow of war
- 11 killed in blast at Turkey explosives plant
- Indonesia considers parole for ex-terror chiefs: official
- Postecoglou says Spurs 'need to reinforce' in transfer window
- Le Pen says days of new French govt numbered
- Villa boss Emery set for 'very difficult' clash with Newcastle
- Investors swoop in to save German flying taxi startup
- How Finnish youth learn to spot disinformation
- 12 killed in blast at Turkey explosives plant
- Panama leaders past and present reject Trump's threat of Canal takeover
- Hong Kong police issue fresh bounties for activists overseas
- Saving the mysterious African manatee at Cameroon hotspot
- India consider second spinner for Boxing Day Test
- London wall illuminates Covid's enduring pain at Christmas
- Poyet appointed manager at South Korea's Jeonbuk
- South Korea's opposition vows to impeach acting president
- The tsunami detection buoys safeguarding lives in Thailand
- Teen Konstas to open for Australia in Boxing Day India Test
- Asian stocks mostly up after US tech rally
- US panel could not reach consensus on US-Japan steel deal: Nippon
- The real-life violence that inspired South Korea's 'Squid Game'
- Blogs to Bluesky: social media shifts responses after 2004 tsunami
- Tennis power couple de Minaur and Boulter get engaged
- Supermaxi yachts eye record in gruelling Sydney-Hobart race
- Hawaii's Kilauea volcano erupts, spewing columns of lava
- El Salvador Congress votes to end ban on metal mining
- Five things to know about Panama Canal, in Trump's sights
- NBA fines Minnesota guard Edwards $75,000 for outburst
- Haitians massacred for practicing voodoo were abducted, hacked to death: UN
- Inter beat Como to keep in touch with leaders Atalanta
- Man Utd boss Amorim questions 'choices' of Rashford's entourage
- Trump's TikTok love raises stakes in battle over app's fate
- Is he serious? Trump stirs unease with Panama, Greenland ploys
- England captain Stokes to miss three months with torn hamstring
- Support grows for Blake Lively over smear campaign claim
- Canada records 50,000 opioid overdose deaths since 2016
- Jordanian, Qatari envoys hold talks with Syria's new leader
- France's second woman premier makes surprise frontline return
- France's Macron announces fourth government of the year
- Netanyahu tells Israel parliament 'some progress' on Gaza hostage deal
- Guatemalan authorities recover minors taken by sect members
- Germany's far-right AfD holds march after Christmas market attack
- Serie A basement club Monza fire coach Nesta
- Mozambique top court confirms ruling party disputed win
- Syrian medics say were coerced into false chemical attack testimony
- NASA solar probe to make its closest ever pass of Sun
- London toy 'shop' window where nothing is for sale
RBGPF | -1.17% | 59.8 | $ | |
RYCEF | -0.28% | 7.25 | $ | |
CMSC | -0.91% | 23.686 | $ | |
RIO | -0.19% | 59.12 | $ | |
SCS | -0.17% | 11.63 | $ | |
GSK | -0.07% | 34.035 | $ | |
RELX | 0.28% | 45.72 | $ | |
NGG | -0.63% | 58.65 | $ | |
CMSD | -1.02% | 23.312 | $ | |
AZN | -0.5% | 66.3 | $ | |
VOD | 0.96% | 8.451 | $ | |
BCC | 0.14% | 122.41 | $ | |
BTI | -0.06% | 36.2 | $ | |
BCE | 0.52% | 22.96 | $ | |
JRI | 0.41% | 12.15 | $ | |
BP | 0.28% | 28.83 | $ |
Stocks, dollar hesitant as traders brace for Nvidia earnings
Global markets were mixed on Monday as traders largely treaded water after a busy period that saw a post-election "explosion" in enthusiasm in the United States, followed by a pullback last week.
Focus also turned to chip behemoth Nvidia ahead of its quarterly earnings on Wednesday, which could indicate prospects for the entire tech sector.
Wall Street's three major indices finished mixed, with the Dow edging lower, and the S&P and the Nasdaq closing slightly higher, as few investors were willing to take new positions ahead of Nvidia's results.
It was "a relatively unremarkable day, in terms of magnitude of move," Art Hogan from B. Riley Wealth Management told AFP.
This was "not surprising," he added, pointing to the post-election market "explosion," and the subsequent drawback last week.
"We kind of entered the new week at a midpoint with very little economic data," he said.
European markets tracked their losses on Monday, while Asian markets were mixed.
- Rising trade tensions -
Expectations that a second Trump administration will impose painful fresh tariffs on Chinese goods have added to the unease and ramped up fears of another trade war between the economic powerhouses.
"It is likely that if Trump does proceed with tariffs on Chinese goods, they will respond aggressively," said Kathleen Brooks, research director at traders XTB.
In Europe, the vice president of the European Central Bank said Monday that Trump's spending plans risked inflating the US government's budgetary deficit and spreading worries on markets.
"Trade tensions could rise further," with resulting risks for economic activity, Luis de Guindos noted.
Investor focus this week will also be on the release of purchasing managers' index data for signals about the health of business activity in the eurozone, Britain and the United States.
Friday's PMI data "may capture some of the initial sentiment impact from around the world regarding Trump's victory," said Jim Reid, economist at Deutsche Bank.
"Europe will be especially interesting on this front as the continent awaits their trade fate," he added.
In Asia on Monday, Tokyo and Shanghai stock markets closed lower while Hong Kong rose, helped by hopes of more Chinese stimulus after a recent raft of measures.
Bitcoin sat at around $91,000, having hit another record high of $93,462 last week on hopes Trump will push for more deregulation of the crypto market.
And crude oil prices jumped after production stopped at a key Norwegian field in the North Sea, Sverdrup, due to an electrical supply disruption.
- Key figures around 2130 GMT -
New York - Dow: DOWN 0.1 percent at 43,389. points (close)
New York - S&P 500: UP 0.4 percent at 5,893.62 (close)
New York - Nasdaq: UP 0.6 percent at 18,791.81 (close)
London - FTSE 100: UP 0.6 percent at 8,109.32 (close)
Paris - CAC 40: UP 0.1 percent at 7,278.23 (close)
Frankfurt - DAX: DOWN 0.1 percent at 19,189.19 (close)
Tokyo - Nikkei 225: DOWN 1.1 percent at 38,220.85 (close)
Hong Kong - Hang Seng Index: UP 0.8 percent at 19,576.61 (close)
Shanghai - Composite: DOWN 0.2 percent at 3,323.85 (close)
Euro/dollar: UP at $1.0600 from $1.0536 on Friday
Pound/dollar: UP at $1.2678 from $1.2611
Dollar/yen: UP at 155.04 yen from 154.32 yen
Euro/pound: UP at 83.57 pence from 83.52 pence
Brent North Sea Crude: UP 3.2 percent at $73.30 per barrel
West Texas Intermediate: UP 3.2 percent at $69.16 per barrel
J.Oliveira--PC