17th August 2021 Morning Report

U.S. stock markets closed mixed Monday as the Dow Jones Industrial Average and the S&P achieved the fifth straight day record highs. The Dow Jones Industrial Average gained 0.31%, and the S&P 500 increased 0.26%, while the Nasdaq Composite slid 0.2%. Chinese linked stocks, including Alibaba Group, JD.com Inc. and Baidu Inc., were under pressure after retail sales and industrial production data in the country slowed sharply.

Other overseas markets were broadly lower. European exchanges were weaker across the board with Britain’s FTSE 100 losing 0.9%, France’s CAC 40 lower by 0.83% and Germany’s DAX 30 0.32% down. In Asia, Japan’s Nikkei 225 and Hong Kong’s Hang Seng index fell 1.62% and 0.8%, respectively, while China’s Shanghai Composite was marginally up 0.03%.

West Texas Intermediate crude oil declined $1.15 to $67.29 a barrel and gold edged up $11.70 to $1,786.90 an ounce. 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

May 9th Morning Report
May 8th Morning Report
May 7th Morning Report
May 5th Morning Report
May 2nd Morning Report
May 1st Morning Report
April 30th Morning Report
April 29th Morning Report
April 28th Morning Report
April 24th Morning Report