Market Buzz: Looking for positive drivers
Russian stocks traded flat Monday, with the MICEX closing at Friday’s level and the RTS declining 0.4%.
US stocks closed in the red Monday for the third day in a row amid renewed concern on the eurozone’s economic health. The Dow Jones shed 0.3%, while the S&P 500 declined 0.4% and the Nasdaq Composite was down 0.2%.
European trades ended lower Monday as investors were reluctant to make significant moves ahead of a meeting of eurozone finance ministers. The Stoxx Europe 600 closed 0.4% lower at 253.46. Spain’s IBEX 35 was among worst performers losing 0.75% after the yield on Spain’s 10-year bond hit 7.01%. The Greman DAX 30 shed 0.38% and the French CAC 40 lost 0.25%.
Most Asian stocks declined Tuesday after data showed China’s import growth slowed more than expected in June, while exports picked up. South Korea’s Kospi and Australia’s S&P/ASX 200 both lost 0.5%, while Japan’s Nikkei Stock Average shed 0.1%. In China Shanghai Composite fell 0.5% and Hong Kong’s Hang Seng eased 0.3%.