Global stock markets were mixed on Monday following record highs in the US markets, which capped off their latest winning week. US futures showed a mixed performance, and oil prices continued to climb, according to a report by Elaine Kurtenbach for the Associated Press (AP).
Futures for the S&P 500 were nearly flat, while the Dow Jones Industrial Average futures ticked up by almost 0.1%. I Photo: New York Stock Exchange Facebook
Germany's DAX slipped 0.3% to 19,601.24, while the CAC 40 in Paris also lost 0.3%, closing at 7,593.41.
The UK's FTSE 100, however, edged up by 0.1% to 8,363.72. Meanwhile, futures for the S&P 500 were nearly flat, while the Dow Jones Industrial Average futures ticked up by almost 0.1%.
In Asia, Hong Kong's Hang Seng index fell by 1.6% to 20,478.46, while the Shanghai Composite gained 0.2% to 3,268.11. Additionally, the A-share index of Shenzhen’s smaller market saw a rise of 1.6%.
China’s decision to cut both its one-year and five-year Loan Prime Rates—key reference rates for lending—was aimed at alleviating pressure on borrowers, particularly in the struggling property sector.
However, the rate cuts' influence on market sentiment appeared to be short-lived.
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