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- Global Stocks: U.S. indices slightly positive, Nikkei rebounds after Monday’s losses
Global Stocks: U.S. indices slightly positive, Nikkei rebounds after Monday’s losses
The DOW Jones and S&P 500 were trading positive in Monday's trading session. The DOW Jones closed at 17,647.75, a plus of 0.07%, the S&P500 closed little changed with a plus of +0.07% at 2,041.32 points - a record closing high. Data from the world's largest economy published yesterday showed Industrial Production (MoM) declined by -0.1% after a forecast of +0.2%, Capacity Utilization dipped to 78.9% in October with a forecast of 79.3% and the NY Fed Empire State manufacturing index declined to 10.16 below forecasts of 12.1.
Hong Kong's Hang Seng lost -1.25%, China's Shanghai Composite was down -0.67% closing at 2,457.53 points amid profit taking. Both indices lost for a second day after Monday being the first day of a new stock-exchange link between Shanghai and Hong Kong.
Japan's Nikkei closed with a plus of 2.18% at 17,344.06 points, the biggest gain in two weeks, after Monday's 3% decline caused by data published on Japan falling into recession. Prime Minister Shinzo Abe is expected to announce snap elections later in the day to gain further support for his policy.
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