NEW YORK: Stocks on international indexes principally eased on Monday as worries escalated over rising COVID-19 instances and financial restrictions, whereas sterling slumped as Britain and the European Union have but to slim their variations on a commerce deal.
On Wall Street, the U.S. benchmark S&P 500 slipped 0.2%, retreating from its latest report excessive, however the Nasdaq posted a report closing excessive as buyers snapped up mega-cap development shares.
Authorities in California, probably the most populous U.S. state, on Monday compelled a lot of the state to shut store and keep at residence the day after it reported a report 30,000-plus new coronavirus instances.
“It is just kind of a waiting game, we are waiting to see if there is going to be any stimulus attached to this funding bill,” mentioned Ross Mayfield, funding technique analyst at Baird.
Expectations of a U.S. stimulus assist package deal gathered tempo after weak payrolls knowledge on Friday.
The Dow Jones Industrial Average fell 148.47 factors, or 0.49%, to 30,069.79, the S&P 500 misplaced 7.16 factors, or 0.19%, to three,691.96 and the Nasdaq Composite added 55.71 factors, or 0.45%, to 12,519.95.
Large-cap development shares, which had underperformed worth shares in latest weeks as buyers appeared to names prone to profit from a reopened economic system, edged up whereas worth declined.
The MSCI world fairness index , which tracks shares in 49 international locations, was down 0.1%, whereas the pan-European STOXX 600 index ended down 0.3%.
British and EU leaders will meet face-to-face to attempt to seal a post-Brexit commerce deal after failing once more to slim their variations on Monday.
That might increase the possibility of a disorderly parting of the way on the finish of the month.
Sterling fell in a sentiment reversal from Friday when the British foreign money rose to a 19-month excessive in opposition to the greenback.
Sterling was final buying and selling at $1.34, down 0.51% on the day.
Investors additionally await an EU summit beginning on Thursday to interrupt an deadlock over a 1.eight trillion-euro coronavirus assist package deal, in addition to the final European Central Bank coverage assembly of the 12 months on the identical day.
Benchmark 10-year notes final rose 13/32 in worth to yield 0.93%, from 0.97% late on Friday.
Brent crude fell 46 cents, or 0.9%, to settle at $48.79 a barrel. U.S. crude fell 50 cents, or 1.1%, to settle at $45.76 a barrel. Spot gold costs gained.
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