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, slip while rises
US stocks ended mostly lower Monday after Friday rally. The S&P 500 slipped 0.1% to 2783.02 led by industrial stocks down more than 1.2%. The Dow Jones industrial fell 0.6% to 25178.61. The Nasdaq composite index, however, rose 0.4% to 7588.32. The dollar weakened snapping three-session strengthening streak: the live dollar index data show the , a measure of the dollar’s strength against a basket of six rival currencies, fell 0.2% to 89.92. Stock indices futures indicate higher openings today.
European stocks rise the sixth session straight
European stocks rose on Monday as upbeat US report last Friday boosted investors risk appetite. The joined the climb against the dollar. The index rose 0.3%, sixth consecutive win. The jumped 0.6% to 12418.39. France’s added less than 0.1% while UK’s lost 0.1% to 7214.76. Indices opened flat to 0.3% higher today.
Asian stocks mixed
Asian stock indices are mixed today. rose 2.3% to 21962 helped by resumed slide against the dollar. Chinese stocks are falling on news the country was planning to merge its banking and insurance regulators: the is down 0.5% and Hong Kong’s Index is 0.1% lower. Australia’s All Ordinaries Index is down 0.4% on lower iron ore prices and strength against the US dollar.
AU200 Daily Chart
Brent up on rising US output
prices are extending losses today on rising US crude output. Prices fell Monday after the Energy Information Administration report crude production from seven major US shale plays is expected to climb by 131,000 barrels a day in April to 6.954 million barrels a day. May Brent crude settled 0.8% lower at $64.95 a barrel on Monday.
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