BANGKOK (AP) 鈥� Shares were mixed in Europe and Asia on Monday after U.S. stocks edged back from their following a report on the U.S. economy.
Oil prices slipped.
In early European trading, Germany’s DAX was nearly unchanged at 26,429.59, while the CAC 40 in Paris lost 0.1% to 8,630.45.
Britain’s FTSE 100 gained 0.2% to 10,773.91.
The future for the S&P 500 edged 0.1% higher, while that for the Dow Jones Industrial Average slipped 0.1%.
Tokyo鈥檚 Nikkei 225 index gained 0.7% to 69,220.25 after the Japanese government reported the slightly faster than forecast in the April-June quarter, expanding at a 1.1% annual pace even as private spending and investment stayed flat and export growth slowed. In quarterly terms, the economy grew 0.3% in the second quarter of the year.
In Hong Kong, the Hang Seng picked up 1.6% to 25,517.88, while the Shanghai Composite index rose 1.4% to 3,982.65.
Markets in South Korea were closed for a holiday.
In Australia, the S&P/ASX 200 slipped 0.5% to 9,073.20.
Taiwan’s Taiex gained 0.1%, while the Sensex in India fell 0.3%.
On Friday, The S&P 500 fell 0.2% following a report that showed last month. Such data could help the keep low, which is positive for investors. But it also suggests growth may be slowing at a time when is still high.
The Fed has no good tool to fix both a stagnating economy and high inflation at the same time, which is why what鈥檚 called 鈥渟tagflation鈥� is seen as a worst-case scenario.
The Dow industrials dipped 0.2%, and the Nasdaq composite shed 0.3%.
will get financial updates from some of the nation鈥檚 biggest retailers this week.
Home Depot reports its latest results on Tuesday, followed by Target and Lowes on Wednesday and then Walmart on Thursday. The results will help give investors a more detailed picture of how businesses and consumers are handling stubbornly high inflation.
Wall Street and economists will get more details about the Federal Reserve鈥檚 interest rate policy when the central bank releases minutes from the July meeting on Wednesday.
In other dealings early Monday, Brent crude, the international standard, declined 0.3% to $88.24 per barrel, while U.S. benchmark crude slipped 0.9% to $81.65 per barrel.
With prospects for a deal toward ending the war with Iran unclear, the stability of remains uncertain with the Strait of Hormuz nearly closed, blocking a vital route for oil and gas tankers from the Middle East.
The U.S. dollar fell to 158.88 Japanese yen from 159.32 yen. The euro rose to $1.1611 from $1.1588.
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