Asian stocks took a downturn while European markets witnessed positive movement on Monday following last week's Wall Street fall. Key European indices saw minor gains with France's CAC 40 rising 0.5%, Germany's DAX up 0.6%, and Britain's FTSE 100 climbing 0.6%. Meanwhile, futures for the S&P 500 and Dow Jones Industrial Average increased by 0.6% and 0.4%, respectively.
In Asia, Japan's Nikkei 225 dropped 0.5% and hit its lowest level in nearly a month, closing at 36,215.75. Revised data from the Japanese Cabinet Office reported a 2.9% annual GDP growth in the second quarter, underperforming expectations. China's markets also faced declines due to disappointing inflation data, with Hong Kong's Hang Seng falling 1.4% and Shanghai Composite down 1.1%. Australia's S&P/ASX 200 and South Korea's Kospi both slid by 0.3%.
The US stock market saw significant losses last week. The S&P 500 ended its worst week since March 2023, dropping 1.7%. The NASDAQ composite underperformed with a 2.6% dip. In commodities, US crude and Brent crude saw price increases, rising to $68.56 and $71.90 per barrel, respectively. (This story was generated by Newser's AI chatbot. Source: the AP)
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