NEW YORK (Reuters) - Stock markets and the euro dipped on Monday as investors looked past recently announced central bank stimulus plans to focus on weak German economic data and the euro zone's unresolved debt crisis.
U.S. stocks mostly followed the global trend on the weak German report. A China Beige Book survey detecting a downturn in business optimism added to investor caution on the prospects for global growth. The MSCI world equity index fell 0.3 percent to 336.66.
"We've had such a strong quarter that it's difficult for us to keep moving up, especially since we're so light on economic news to trade on," said Oliver Pursche, president at Gary Goldberg Financial Services in Suffern, New York. "We're maybe in a sideways market without a lot of action for a while."
The Dow Jones industrial average was up 17.45 points, or 0.13 percent, at 13,596.92. The Standard & Poor's 500 Index was down 0.04 points, or 0.00 percent, at 1,460.11. The Nasdaq Composite Index was down 13.68 points, or 0.43 percent, at 3,166.28.
U.S. stocks mostly followed the global trend on the weak German report. A China Beige Book survey detecting a downturn in business optimism added to investor caution on the prospects for global growth. The MSCI world equity index fell 0.3 percent to 336.66.
"We've had such a strong quarter that it's difficult for us to keep moving up, especially since we're so light on economic news to trade on," said Oliver Pursche, president at Gary Goldberg Financial Services in Suffern, New York. "We're maybe in a sideways market without a lot of action for a while."
The Dow Jones industrial average was up 17.45 points, or 0.13 percent, at 13,596.92. The Standard & Poor's 500 Index was down 0.04 points, or 0.00 percent, at 1,460.11. The Nasdaq Composite Index was down 13.68 points, or 0.43 percent, at 3,166.28.
0 comments:
Post a Comment