Stock market today: Global shares mostly decline, while Tokyo again finishes at a record high

TOKYO (AP) โ€” Global stocks mostly fell on Monday, although Tokyo's benchmark Nikkei 225 index hit another record.

France's CAC 40 fell 0.4% in early trading to 7,935.33. Germany's DAX rose 0.1% to 17,428.37. Britain's FTSE 100 fell 0.2% to 7,691.62.

S&P 500 and Dow Jones Industrial Average futures fell 0.2%.

The Nikkei 225 gained 0.4% to finish at 39,233.71. Tokyo markets were closed on Friday for a holiday. The benchmark index rose to an all-time high of 39,098.68 on Thursday.

In currency trading, the dollar rose to 150.59 Japanese yen from 150.47 yen. The euro cost $1.0835, down from $1.0823.

The weak yen is one factor attracting many foreign investors to Japanese stocks, said Stephen Innes of SPI Asset Management.

He said investors were selling to lock in profits from recent gains in Chinese markets, which have recovered slightly after a months-long decline.

Hong Kong's Hang Seng fell 0.5% to 16,634.74, while the Shanghai Composite fell 0.9% to 2,977.02.

Elsewhere in Asia, Australia's S&P/ASX 200 rose 0.1% to 7,652.80. South Korea's Kospi fell 0.8% to 2,647.08.

Earnings remain a big focus as a key indicator of where the U.S. and global economies are headed. Among the U.S. companies reporting results this week are home improvement retailer Lowe's, discount retailer Dollar Tree, computer maker HP and electronics retailer Best Buy.

More economic data is expected on consumer confidence, inflation and the US economy. An update on the pace of US growth in the October-December quarter will be released on Wednesday.

He The Federal Reserve has been trying to control inflation return to its 2% target. Earlier data on consumer and wholesale prices were more positive than Wall Street expected. Traders now expect the Federal Reserve to cut rates in June instead of March.

In energy trading, benchmark U.S. crude lost 49 cents to $76 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, lost 50 cents to $80.30 a barrel.

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