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DAX Edges Lower On Economic Concerns
German stocks slipped into the red on Monday as a survey showed the downturn in the country's manufacturing sector, which accounts for about a fifth of Europe's biggest economy, accelerated in August.
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Asian Shares Mixed As China Woes Offset US Inflation Cheer
Asian stocks ended mostly higher on Monday even as Chinese and Hong Kong markets fell on economic concerns.
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China Manufacturing Activity Recovers On New Orders
China's manufacturing activity recovered in August as new orders returned to growth, driving faster production growth, data from S&P Global showed on Monday. The Caixin manufacturing Purchasing Managers' Index rose to 50.4 in August from 49.8 in July. Although the score signalled that the manufacturing sector improved following the brief deterioration, the rate of improvement was only marginal.
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Yen Falls As Japanese Stock Market Traded Higher
The Japanese yen weakened against other major currencies in the Asian session on Monday, as Japanese stock market traded higher, adding to the gains in the previous session, with gains across most sectors lead by index heavyweights and technology stocks.
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European Economic News Preview: Eurozone Final Factory PMI Data Due
Final factory Purchasing Managers' survey results from the euro area and the UK are the top economic news due on Monday. At 3.15 am ET, Spain's manufacturing PMI data is due. The index is forecast to rise to 52.1 in August from 51.0 in July. At 3.45 am ET, S&P Global publishes Italy's manufacturing PMI survey results. Economists forecast the PMI to rise to 48.0 in August from 47.4 a month ago.
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European Shares Seen Mixed In Cautious Trade
European stocks are likely to open on a mixed note Monday amid the Labour Day holiday in the U.S.
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Mattel's Fisher-Price Recalls 366K Dumbbell Toy
New York-based Fisher-Price Inc., owned by toymaker Mattel, Inc., has called back about 366,200 units of Dumbbell toy sold with Baby Biceps Gift Set citing choking hazard, according to the U.S. Consumer Product Safety Commission. In addition, about 37,850 units were sold in Canada. The recall involves the plastic dumbbell toy sold with the Fisher-Price Baby Biceps Gift Set with model number GJD49.
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more news
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Monday.
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Sensex, Nifty Open Higher As Oil Extends Declines
Indian shares opened on a positive note Monday amid optimism over potential U.S. rate cuts and a continued decline in oil prices on prospect of higher OPEC+ supply.
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Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Monday, despite the broadly positive cues from Wall Street on Friday, as traders react to downbeat factory activity data from China for the fourth straight month in August. They also remain optimistic over the outlook for interest rates after a report showing US consumer prices increased in line with estimates in July.
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Sensex, Nifty May See Cautious Gains At Open
Indian shares look set to open on a positive note Monday amid optimism over potential U.S. rate cuts and a continued decline in oil prices on prospect of higher OPEC+ supply.
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Japanese Market Modestly Higher
The Japanese stock market is trading modestly higher on Monday, adding to the gains in the previous session. The benchmark S&P/ASX 200 is moving to a tad shy of the 38,800 level, following the broadly positive cues from Wall Street on Friday, with gains across most sectors lead by index heavyweights and technology stocks.
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Thai Stock Market May Extend Friday's Gains
The Thai stock market has alternated between positive and negative finishes through the last four trading days in which it had picked up more than 40 points or 3 percent. The Stock Exchange of Thailand now sits just beneath the 1,360-point plateau and it may see mild upside again on Monday.
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