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A currency trader works near the screens displaying the Korean Composite Stock Price Index (KOSPI), on the left, and the exchange rate between the US Dollar and the South Korean won in the FX trading room. Seoul, South Korea, Monday, November 12, 2018. Asian markets were mainly up Monday ahead of key economic data, such as China and Japan's industrial production figures later in the week. (AP Photo / Lee Jin-man) The Associated Press
By ANNABELLE LIANG, Associated press
SINGAPORE (AP) – Global markets were mixed on Monday before the US and China published economic data that could show the effects of a trade dispute between the world's two largest economies.
GUARANTEE OF THE SCORE: The German DAX lost 11.6% to 11,465.63 early in the session while the British FTSE 100 rose 0.4% to 7,130.04. The French CAC 40 lost 0.2% to 5,094.70. Wall Street was ready for a flat opening. Futures contracts for the S & P 500 Index were 0.1% lower at 2,779.80. Dow futures dropped nearly 0.1% to 25,963.00.
DAY IN ASIA: The Japanese Nikkei 225 added 0.1% to 22,269.88. Hong Kong Hang Seng rose 0.1% to 25,633.18. The Shanghai Composite Index rebounded 1.2% to 2,630.52 after closing down each day last week. The Australian S & P-ASX 200 gained 0.3% to 5,941.30. Kospi in South Korea plunged 2.0% to $ 2,080.44. Stocks were stable in Thailand but lower in Singapore, Thailand, Indonesia and the Philippines.
GLOBAL GROWTH: Markets are closely monitoring the release by the US Department of Labor of US inflation data, which is based on consumer prices. In Asia, traders are waiting for industrial production data from China and Japan. They will look for clues of a recovery in the Chinese economy, where auto sales fell for the fourth consecutive month in October. Concerns about China's slowing economic growth and its smoldering trade dispute with the United States weighed on global equity markets.
ANALYST'S Take: "This is a data-centric week this week where the US CPI should be the strong point of the Fed and broad market indices, especially the greenback," he said. said Jingyi Pan of IG in a comment.
ENERGY: Oil futures rallied on the news that major producers planned to cut production. Saudi Energy Minister Khalid al-Falih said Sunday that the kingdom would reduce its exports of about 500,000 barrels a day from November to December. Russian Oil Minister Alexander Novak said at a meeting of oil producers in Abu Dhabi that his country was open to cuts. The benchmark US crude rebounded after 10 days of losses, adding 85 cents to 61.04 dollars a barrel on the New York Mercantile Exchange. The contract yielded 48 cents to 60.19 dollars in the previous session. Brent, used for the price of international oil, returned 1.37 USD to 71.55 USD. It fell 47 cents to 70.18 dollars in London.
CURRENCIES: The dollar strengthened to 114.01 yen against 113.83 yen on Friday night. The euro rose from $ 1,1345 to $ 1,1260.
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