* MSCI world equity index flat as European shares open lower. * Asia stocks gain on China stimulus hopes. * Dollar, gold ease ahead of Fed's expected rate hike. * Mexican peso gains after new govt's first budget. * Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh. By Danilo Masoni.
* Turkey's lira falls after disappointing data. * Most currencies gain as dollar rally pauses. * Chinese blue chips end lower. By Agamoni Ghosh. Emerging-market shares stabilised on Monday after a global sell-off last week as investors remained cautious before key policy events in China and the United States this week.
Global stocks kicked off the week under pressure as investors awaited a key Federal Reserve meeting amid mounting signs of slowing economic growth around the world. The Stoxx Europe 600 fell 0.4% in early morning trade, dragged down by health care and financial stocks. On Wall Street, futures pointed to slight opening gains of around 0.1% for the S&P 500, following U.S. stocks' worst start to a December since 1980. Major indexes fell more than 5% last week.
Global stocks kicked off the week under pressure as investors awaited a key Federal Reserve meeting amid mounting signs of slowing economic growth around the world. The Stoxx Europe 600 fell 0.4% in early morning trade, dragged down by technology and energy stocks. On Wall Street, futures pointed to a broadly flat opening for the S&P 500, following U.S. stocks' worst start to a December since 1980. Major indexes fell more than 5% last week.
* Asian shares tick up, MSCI ACWI off 17-month low. * China stimulus hopes underpin shares ahead of policy conference. * Dollar supported ahead of Fed's expected rate hike. * Mexican peso gains after Lopez Obrador's first budget. * European shares seen almost flat. By Hideyuki Sano.
Gold prices inched down on Monday ahead of a U.S. Federal Reserve meeting this week, pressured by a robust dollar as investors outside the United States sought the safety of the greenback amid global growth concerns. FUNDAMENTALS. * Spot gold had slipped 0.2 percent to $1,236.30 per ounce by 0107 GMT. * U.S. gold futures were down 0.1 percent at $1,239.3 per ounce.
Johnson& Johnson led the Dow Jones Industrial Average lower. Brutal price action continued for U.S. stock investors Friday, with all three major indices ending with big declines. Johnson& Johnson led the largest companies lower, with the shares dropping 10%, after Reuters reported that the company knew for decades that its baby powder was contaminated with asbestos.
Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally. U.S. stocks are having their worst December performance in 16 years with the S&P 500 notching a 5 percent drop so far this month.
Investors are eager for a touch
of Christmas cheer from the U.S. Federal Reserve next week,
hoping for signs the central bank may ease up on interest rate
hikes next year and spark a Santa Claus rally.
Another brutal week left the stock market with its worst start to a December in 38 years, and a meeting of Federal Reserve policy makers might not offer the relief some investors are pining for when they conclude a two-day policy meeting on Wednesday, says one economist. Stocks ended a week of often whipsaw trading with a decided move to the downside Friday. The Dow Jones Industrial Average dropped nearly 500 points, leaving it more than 10% below its early October all-time closing...
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