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. 

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