NEW YORK/LONDON, Dec 9 - Global shares turned lower on Monday as traders focused on U.S. inflation data and chip stocks fell, while Beijing's promise of stimulus and the sudden collapse of the Syrian government boosted oil and gold prices more than 1%.
Friday's U.S. monthly employment data was strong enough to soothe any concerns about the resilience of the economy, but not so robust as to rule out a rate cut from the Federal Reserve next week.The Dow Jones Industrial Average , fell 240.59 points, or 0.54%, to 44,401.93, the S&P 500 , fell 37.42 points, or 0.61%, to 6,052.85 and the Nasdaq Composite , fell 123.08 points, or 0.62%, to 19,736.69.
European shares closed at their highest levels in six weeks on Monday, led by mining and luxury stocks, after China's promise of renewed stimulus. The STOXX 600 index , edged up 0.1%, and notched its eighth consecutive session of gains.Last week's U.S. November payrolls report showed 227,000 jobs were created, compared with expectations for a rise of 200,000, while October's hurricane-distorted number was revised up.
This week is full of central bank meetings, aside from the ECB's. The Swiss National Bank could cut rates by as much as half a point given slowing inflation, as could Canada's central bank when it meets on Wednesday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ernestomorphic's In-Depth Approach to Market News Reporting for Kitco NewsKitco News has a committed team of journalists covering the economy, stock markets, commodities, cryptocurrencies, mining, and metals. Ernestomorphic, a Crypto and Market Reporter, brings over 15 years of experience in journalism and broadcasting to provide accurate and objective market insights. His work includes in-depth reporting, daily market roundups, interviews, and event coverage.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Kitco NEWS: A Comprehensive Resource for Economic and Market InsightsKitco NEWS features a team of journalists covering the economy, stock markets, commodities, cryptocurrencies, mining, and metals. With a focus on accuracy and objectivity, the platform offers in-depth reporting, daily roundups, interviews, and analyses to assist informed market decisions. A Crypto and Market Reporter with over 15 years of experience is part of the team, providing valuable insights into market-affecting developments.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Kitco News: Comprehensive Market Coverage Led by Anna GolubovaKitco NEWS, known for its accurate and objective reporting on the economy, stock markets, commodities, cryptocurrencies, mining, and metals, aims to assist in informed market decisions. Led by Anna Golubova, an experienced journalist with a focus on economics and politics, the team provides daily roundups, exclusive coverage of industry events, and in-depth analyses.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Kitco News: Comprehensive Economic and Market CoverageKitco News employs a team of journalists dedicated to providing accurate and objective reporting on the economy, stock markets, commodities, cryptocurrencies, mining, and metals. The team aims to assist individuals in making informed market decisions through in-depth reporting, daily market roundups, interviews, and analyses of significant market developments.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Ernest Duke, Crypto and Market Expert at Kitco NewsKitco NEWS features a team of journalists covering the economy, stock markets, commodities, cryptocurrencies, mining, and metals. Ernest Duke, a Crypto and Market Reporter with over 15 years of experience, joins Kitco News to provide in-depth reporting and analyses to help people make informed market decisions.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »