A gauge of Asian stocks strength rose to 18-month highs, boosting global stocks news headlines on Monday.
Chinese equities rose, but the European stock market would likely open lower. Investors would probably pause from recent rallies.
The pan-European Euro STOXX 50 futures slipped 0.16% at 3,764. In Germany, the DAX futures lost 0.22% at 13, 291.5. In London, the FTSE futures declined 0.11% at 7,578.5.
MSCI’s broadest index of Asian market ex-Japan hit a high point, the peak from June 19 last year. However, it trimmed gains, recently trading up 0.05%.
Blue-chip Chinese stocks kicked off the day weaker but gained 1.13% during the afternoon trade. The robust performance had something to do with a report that 2019 retail sales could rise 8%.
Australian stocks lost 0.25% as investors consolidated recent ups.
Japan’s Nikkei 225 index finished the day, the last for this year, with a 0.76% loss. Nikkei finished 2019 in the Asian market with a yearly gain of 18.2% after losing 12.8% last year.
There have been easing trade war worries as well as less uncertainty over the Brexit.
According to a global macro strategist, the thin liquidity at the year-end left the markets drifting up. That means even if a pullback occurs, “I don’t think it’s going to be significant.”
Last week, global financial markets gained. The S&P 500 and the Dow closed at record highs.
The Dow finished 0.08% higher at 28,645.26, while the S&P gained 0.11 points to 3,240.02. NASDAQ Composite dropped some steam, losing 0.17% to 9,006.62 for global stocks.
In other global market news, oil also gained last Friday, recording a fourth weekly gain in a row. Prices have since steadied near their three-month highs.
Monday then saw Brent Crude rise 0.31% to $68.37 per barrel. Meanwhile, the US West Texas Intermediate crude gained 0.13% to $61.80, pulling back from an earlier decline.
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