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World Markets Today 05/06/2018

posted onJune 5, 2018

Asian markets mostly closed higher on Tuesday  following another strong lead from Wall Street overnight. Investors also kept an eye on the upcoming US-North Korea summit scheduled for June 12 and awaited for cues from the G-7 summit in Canada later this week. In Australia, the ASX  ended the session deep in the red, as energy and materials drag on stocks. In central bank related news, the Reserve Bank of Australia left interest rates unchanged at the historic low of 1.5 percent for the 20th consecutive meeting.

European markets closed mixed on lingering trade concerns after the U.S. imposed tariffs on steel and aluminum imports from the European Union, Canada and Mexico. The EU soon responded by announcing countermeasures. 

Banking stocks were the worst performers, with the Royal Bank of Scotland (RBS) falling to the bottom of the sector after the U.K. Government said it would sell part of its stake for approximately £2.6 billion ($3.5 billion), cutting its holding in the Edinburgh-based lender to 62.4 percent from 70.1 percent. RBS underwent the world's biggest bailout by taxpayers at the height of the global financial crisis a decade ago.

Across the Atlantic, U.S. stocks closed mixed with the tech-heavy Nasdaq reaching its second record close in the week. Amazon and Netflix contributed to the gains. Investors also looked at developments between U.S.-China trade talks. According to a Wall Street Journal report, China could buy  agriculture and energy products worth almost $70 billion from the US if tariffs on Chinese goods are dropped.  

World Markets Headlines Today

Hong Kong stocks choppy as techs gain and health shares drop (Nikkei Asian Review)
India: Sensex, Nifty trade lower, Bharti Airtel shares down over 3% (Mint)
Australia: ASX slides below 6000 points (Australian Business Review)

European Shares May Struggle For Direction (RTT News)
Europe lower as trade concerns linger; RBS shares down 4% after UK government sells stake (CNBC)
European markets are mixed today (CNN Money)

Dow, S&P 500 slump, but Nasdaq carves out fresh intraday peak (Marketwatch)
Stocks Struggle to Keep Momentum; Treasuries Gain (Bloomberg) 
Dow Lower, Nasdaq Slips After Posting a Record Close (The Street)

Gold flat as dollar inches up against yen, Oil climbs, but record US crude output and higher OPEC supplies drag (Reuters)

25 Major Markets Stock Indices Closing Data 

All Continents Stock Indices Closing Data

Tokyo's Nikkei 225 was up 0.28% while Hong Kong's Hang Seng rose 0.31%. China's Shanghai Composite gained 0.75%. South Korea's KOSPI was up 0.25%. Mumbai's Sensex decreased 0.31% while Nifty 50 was lower by 0.33%. Australia's ASX 200 finished the day 0.51% in the red. Singapore's STI grew 0.45%. Jakarta's Composite rose 1.23% and Taiwan's Weighted Index lost 0.08%.

The Paneuropean STOXX600 was off  0.31%. France's CAC fell 0.22%. London's FTSE was lower  by 0.70%.  Belgium's BEL 20 dropped 0.93%. Amsterdam's AEX rose 0.19%. Moscow's MOEX decreased 0.23%.

In Southern Europe, Lisbon's PSI20 ticked up 0.01% while Spain's IBEX 35 was off 0.66% and Italy's FTSE MIB lost 1.18%. In Scandinavia, Stockholm's OMXS30 was down 0.36% while Copenhagen Stock Exchange was closed for Constitution Day holiday. Helsinki's OMXHPI fell 0.34%.

In Central Eastern Europe, Budapest's BUX fell 1.39% while Warsaw's WIG advanced 1.52%. Prague's PX was off 0.63% and Bratislava's SAX was unchanged. Tallinn's OMXT rose 0.16% while Riga's OMXR increased 0.19%. In Vilnius, the OMXV was lower by 0.04%.
In South Eastern Europe, Bucharest's BET was up 1.94% while Sofia's Sofix lost 0.71%. Belgrade's Belex 15 gained 0.16%. Podgorica's MNSE10 was unchanged. Sarajevo's SASX10 grew 0.08% while Banja Luka's BIRS lost 0.44%. Ljubljana's SBI Top was higher by 0.81%. Zagreb's Crobex was higher by 0.22%. In Skopje, the MBI10 was up 0.82%. Istanbul's BIST100 fell 1.44%. In Athens, the General Index advanced 1.38% while in Nicosia finished the day 0.14% in the green.

Egypt's EGX 30 slumped 2.33%. Rwanda's ASI ticked down 0.01%. Mauritius' SEMDEX rose 0.24%. Uganda's ASI was higher by 1.49% and Zimbabwe's Industrial Index grew  0.70%.

In Canada, the S&P TSX Composite rose 0.44%. In the U.S. the Dow Jones was off 0.06% while the S&P 500 advanced 0.07%. The Nasdaq gained 0.41%.

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