BANGKOK (AP) โ European markets opened lower on Tuesday after a mixed session in Asia, where Tokyo's benchmark index closed at a 33-year high.
Germany's DAX fell 0.4% to 16,654.65 and Paris' CAC 40 lost 0.2% to 7,433.01. Britain's FTSE 100 fell 0.1% to 7,688.41.
S&P 500 and Dow Jones Industrial Average futures fell 0.4%.
In Tokyo, the Nikkei 225 rose 1.2% to 33,763.18, hitting its highest level since March 1990 thanks to gains by technology companies. Telecommunications and high-tech company SoftBank gained 2.7% and electronics maker Omron jumped 6.2%.
Hong Kong's Hang Seng fell 0.2% to 16,190.02, recovering some of the ground lost in recent declines. The Shanghai Composite Index rose 0.2% to 2,893.25.
South Korea's Kospi lost 0.3% to 2,561.24, while Australia's S&P/ASX 200 jumped 0.9% to 7,520.50.
Wall Street posted broad gains on Monday as easing Treasury yields eased pressure on the stock market. The rally was led by Big Tech stocks, the main driver of Wall Street's breakthrough last year, when enthusiasm around artificial intelligence technology made just a handful responsible for most of the returns. of the S&P 500. But they stumbled last week as markets retreated widely.
The S&P 500 jumped 1.4% and is back within 0.7% of its record, regaining momentum after posting its first week of losses in the last 10 in a slow start to the new year.
The Nasdaq Composite soared 2.2% and the Dow Jones Industrial Average lagged the market with a 0.6% gain.
Boeing dragged down the Dow Jones in its first trading after One of their planes suffered an explosion during flight. over Oregon. It fell 8%. Spirit AeroSystems, which makes airframes and other parts for Boeing, lost 11.1%.
Shares of oil and gas companies were also weighing heavily after Saudi Arabia signaled potentially weak demand for crude, cutting prices for its oil for February delivery. Exxon Mobil fell 1.7% and Marathon Oil lost 2.7% as a barrel of US crude fell $3.04 to $70.77.
โWeak demand fundamentals influenced this decision in the global physical oil market. "While the price cuts were widely anticipated, they turned out to be larger than analysts had anticipated," Stephen Innes of SPI Asset Management said in a commentary.
Earnings results are coming in slowly, and Delta Air Lines, JPMorgan Chase and UnitedHealth Group will be among the companies kicking off the S&P 500 reporting season on Friday for the final three months of 2023.
Corporate profit growth could help prop up stock prices.
The highlight of the week may be Thursday's release of the latest inflation data for US consumers. A cooling there has ignited hope on Wall Street that the federal reserve will soon see enough improvements to not only stop its interest rate increases but also begin cutting them.
The Federal Reserve has already raised its main interest rate to the highest level since 2001, hurting the economy and hurting investment prices, in hopes of beating high inflation.
U.S. benchmark crude oil jumped $1.14 to $71.91 a barrel in electronic trading on the New York Mercantile Exchange. It lost $2.84 to $70.77 a barrel on Monday.
Brent crude oil, the international standard, rose $1.28 to $77.40 a barrel.
The US dollar fell to 143.92 Japanese yen from 144.23 yen. The euro fell to $1.0945 from $1.0949.
