Global Stocks Mixed Off of Wall Street's Strong Week

Global stocks showed varied performance on Monday as investors anticipated the Federal Reserve's upcoming meeting. Wall Street concluded its best week since November with a minor rise in US equities on Friday. Key European indexes saw minimal changes: Germany's DAX remained steady, the CAC 40 in Paris climbed by 0.1%, and London's FTSE 100 dropped 0.2%. In the US, S&P 500 futures decreased by 0.1% while Dow Jones Industrial Average futures increased by 0.1%.

In Asia, markets closed with mixed results. Japan's index fell by 1.8%, impacted by a 1.7% year-on-year decline in core machinery orders for June. Australia's S&P/ASX 200 rose by 0.1%, while Seoul's Kospi declined by 0.9%. Hong Kong's Hang Seng surged 0.8%, and the Shanghai Composite gained 0.5%. In Bangkok, the SET saw a notable rise of 1.3% following positive second-quarter GDP growth driven by tourism.

The US dollar dropped nearly 1% against the yen amid expectations of a Federal Reserve rate cut in September. "Signals from the Federal Reserve about possible rate cuts and weak US job market data have also contributed to the recent turbulence," noted Luca Santos from ACY Securities. Investor attention is now on Jackson Hole, Wyoming, where Federal Reserve Chair Jerome Powell is expected to speak, potentially hinting at future policy directions. Meanwhile, US bond yields decreased, and both benchmark US crude and Brent crude prices dipped slightly. (This story was generated by Newser's AI chatbot. Source: the AP)