05242016Tue
Last update: Tue, 24 May 2016 04pm

Stocks and Bonds: World

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The S&P 500 and Dow trimmed gains and were little changed in early afternoon trading on Monday, while a bounce in Apple's stock kept the Nasdaq in positive territory.

Tokyo stocks ended lower Monday, hit by weak trade figures and as a stronger yen weighed on exporters after the G7 pressed Japan not to weaken its currency. Energy shares also fell owing to lower oil prices, while Japan published fresh data that showed exports faltered in April - after separate figures last week showed the world's number three economy dodged a recession in the first quarter.
Britain's top share index ended lower on Monday, with a drop in the prices of crude oil and industrial metals putting pressure on commodities-related stocks. The UK energy index dropped 1.2 percent as the oil price fell for a fourth consecutive session after Iran insisted it would not freeze crude output, returning investor attention to a global glut. Shares in BP and Royal Dutch Shell were down more than 1 percent.
The Greek bourse outperformed weaker European stock markets on Monday after Athens agreed a series of reforms that should pave the way for an agreement on bailout loans and debt relief talks. The broader, pan-European FTSEurofirst 300 index closed down 0.5 percent, while the European STOXX 600 fell 0.4 percent, pulled down by drops in Fiat Chrysler and Bayer.
Indian stocks fell for a fourth consecutive session on Monday, erasing gains earlier in the day as European shares were hit by sagging commodity prices and on caution ahead of a likely increase in US interest rates as early as June.
China stocks edged up on Monday, but trading remained light, with the market's bearish trend seen persisting as the government holds off on further policy stimulus. The blue chip CSI300 index rose 0.3 percent, to 3,087.22, while the Shanghai Composite Index gained 0.6 percent, to 2,843.65 points.
Taiwan stocks rebounded to a nearly-three-week intraday high on Monday, driven by gains in heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC). As of 0246 GMT, the main TAIEX index was up 2.0 percent to 8,296.14 points after touching an earlier intraday high of 8,306, a level not seen since May 3.