Shares were mostly lower in Europe and Asia on Tuesday after US markets were closed for the Memorial Day holiday. Germany\u2019s DAX gained 0.3% to 18,828.68 while the CAC 40 in Paris edged 0.1% lower to 8,121.17. In Britain, the FTSE 100 shed 0.2% to 8,303.25, reopening from a bank holiday on Monday. The future for the S&P 500 was up 0.2% while that for the Dow Jones Industrial Average edged 0.1% higher.<\/p>\n
In Asian trading, Chinese markets rose and then fell after senior leaders of the ruling Communist Party met and affirmed Beijing\u2019s determination to contain financial risks. The Shanghai Composite index dropped 0.5% to 3,109.57. Hong Kong\u2019s Hang Seng lost less than 1 point to 18,821.16. The Chinese government recently eased interest rates and down payment requirements for housing loans as part of its effort to revive the property sector after a crackdown on excessive borrowing caused defaults among many developers.<\/p>\n
The housing industry plays a huge role in driving the economy and its troubles have weighed on growth. The meetings Monday led by Chinese President Xi Jinping \u201cnoted that preventing and defusing financial risks is a major challenge,\u201d the official Xinhua News Agency reported. Efforts to strengthen oversight \u201cshould be implemented strictly to send a strong signal that any violator will be held accountable, so that financial oversight will actually have teeth and thorns\u2019 and be sharp-pointed,\u201d Xinhua said.<\/p>\n
Tokyo\u2019s Nikkei 225 fell 0.1% to 38,855.37 and the Kospi in Seoul was nearly unchanged at 2,722.85. Australia\u2019s S&P\/ASX 200 shed 0.3% to 7,766.70. On Friday, the S&P 500 gained 0.7% and the Dow industrials rose by less than 0.1%. The Nasdaq composite gained 1.1% to top its all-time high set earlier last week. In other trading Tuesday, US benchmark crude oil gained $1.16 to $78.88 per barrel in electronic trading on the New York Mercantile Exchange.<\/p>\n
\u201cThe tense geopolitical setup is supportive of further gains along with the rising U.S. demand into summer and OPEC\u2019s restrictive tone regarding its outlook,\u201d Ipek Ozkardeskaya of Swissquote said in a commentary. Brent crude, the international standard, added 12 cents to $83.00 per barrel. In currency dealings, the US dollar rose to 156.91 Japanese yen from 156.89 yen. The euro rose to $1.0877 from $1.0860.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares were mostly lower in Europe and Asia on Tuesday after US markets were closed for the Memorial Day holiday\u2026.<\/p>\n","protected":false},"author":28,"featured_media":45586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[12828,2760,14112,12758,3928,1617,3555,4429],"class_list":["post-45585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-brent-crude","tag-hong-kong","tag-nikkei-225-index","tag-shanghai-composite-index","tag-shares","tag-stock-market","tag-trading","tag-us-markets"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/45585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=45585"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/45585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/45586"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=45585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=45585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=45585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}