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BANGKOK (AP) – Stocks fell on Monday morning in Europe after a mixed day in Asia after the end of trade talks between China and the United States.
The British FTSE 100 yielded 0.2% to 7,432.38, while the German DAX lost 11% to 11,976.40. The CAC 40 in France lost 0.1% to 5,469.27. Wall Street appeared ready for a smooth opening, the futures contract for the Dow being down 0.2% to 26,336.00 while that of the S & P 500 edged down 0.1% to 2,891, 90.
This was the beginning of another week of uncertainty about the planned separation of Britain and the European Union.
Discussions between parties to revive plans for the so-called Brexit were to resume before the deadline set for Friday to leave the EU. The opposition Labor Party hopes that the country's political stalemate can be resolved, said Foreign Affairs Minister Rebecca Long-Bailey.
In Asia, Japan's benchmark, the Nikkei 225, declined 0.2% to 21,761.65, and the Shanghai Composite Index reduced losses to a level 3,244.81. The Kospi of South Korea remained virtually unchanged at 2,210.60, while the Hong Kong Hang Seng Index added 0.4% to 30,049.94. The Indian Sensex fell 0.3% to 38,754.38. Shares rose in Taiwan but fell in Singapore and Indonesia.
The official Chinese news agency said on Sunday that last week's trade talks with the United States in Washington "have allowed further progress to be made". He said the outstanding issues will be dealt with by "various effective means", but without specifying where and when new discussions will take place. The three-day discussions that ended on Friday focused on issues such as technology transfer, protection of intellectual property rights, non-tariff measures, agriculture and law enforcement.
Beijing and Washington are working to end the stalemate over Beijing's industrial and technological policies, which have disrupted financial markets and clouded the global economic outlook.
White House press secretary Sarah Sanders said Friday in a statement that "a lot of work remains to be done" and that the two sides will be in permanent contact.
Wall Street closed Friday on another solid series of gains, recording its longest winning streak in a year and a half. A strong upturn in hiring has eased concerns about the overly slow US economy, which has kept traders in the buying spirit.
The unemployment rate last month remained close to 3.8%, its lowest level in 50 years. Average hourly earnings rose 3.2% in March from the previous year, which was lower than economists' forecasts. Markets are very sensitive to the numbers, because higher wages help workers buy more things, but they also reduce business profit margins.
The report on jobs in "goldilocks" was a positive start for the week, said Jingyi Pan of IG in a report. But she added "that much of what could move the markets is getting closer to the weekend and could continue to warrant caution given the current strong optimism on the market."
Profitability is a major concern as companies line up to begin reporting their first quarter results next week.
ENERGY: The strong US jobs report has heightened expectations for oil demand, with US benchmark crude increasing by 28 cents to $ 63.36 per barrel in e-commerce on the New York Mercantile Exchange. He gained 1.6% to settle at $ 63.08 a barrel on Friday. Brent Brut, the international standard, added 32 cents to 70.66 dollars a barrel. He added 1.4% to close at $ 70.34 on Friday.
CURRENCIES: The dollar has weakened, rising from 111.73 yen to 111.45 Japanese yen, while the euro rose from 1.1217 dollar to 1.1223 dollar. The pound rose from $ 1.3041 to $ 1.3059 on Friday.
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