International markets roundup
NEW YORK: The Dow Jones Industrial Average has hit a record closing high, helped by Boeing, while selling in Facebook, Alphabet and other technology companies checked the S&P 500 and pulled the Nasdaq lower.
The S&P 500 information technology dipped 0.5 per cent on Monday, with Facebook falling 1.9 per cent and Alphabet, Google's parent company, down 1.3 per cent.
Boeing rose 0.5 per cent and hit a record high of $US242.46 after JPMorgan raised its price target on the world's biggest plane maker to $US280 per share.
The market reacted little to news that US President Donald Trump's communications director, Anthony Scaramucci, was leaving the job after little over a week, the latest staff upheaval to hit the Republican's six-month-old presidency.
The Dow Jones Industrial Average rose 0.28 per cent to end at 21,891.12 points, the S&P 500 was hardly changed, down just 0.07 per cent to 2,470.3, while the Nasdaq Composite dropped 0.42 per cent to 6,348.12.
In July, the S&P 500 rose 1.9 per cent, the Dow added 2.5 per cent and the Nasdaq gained 3.4 per cent.
LONDON: Weakness among tobacco stocks and some broker downgrades weighed on European shares, sending them lower on the final trading day of July as analysts dissected what was beginning to look like an "underwhelming" earnings season.
The pan-European STOXX 600 index was down 0.1 per cent while euro zone stocks and blue chips fell 0.3 to 0.4 per cent. Britain's commodity-heavy FTSE 100 index held on to a 0.05 per cent gain to close at 7,372.00 while France's CAC 40 underperformed, hitting its lowest in three months at 5,093.77, and Germany's DAX lost 0.4 per cent to close at 12,118.25.
Stocks retreated as financials became a drag on the main European indexes. HSBC ended 1.9 per cent higher, however, after posting a forecast-beating 5 per cent rise in first half pretax profit and announced its third buyback in a year.
TOKYO: Asian shares turned mostly positive on Monday, shrugging off a new North Korean missile test as investors turned their attention to a raft of global economic data and earnings this week.
MSCI's broadest index of Asia-Pacific shares outside Japan reversed early losses to rise 0.25 per cent.
But Tokyo's Nikkei 225 lost 0.2 per cent to close at 19,925.18.
Hong Kong stocks closed at a 25-month high on Monday after completing a seventh-straight month of gains, powered by strength in dual-listed resource firms which forecast rises in first-half earnings.
The Hang Seng index rose 1.3 per cent, to 27,323.99, while the China Enterprises Index gained 0.7 per cent, to 10,827.84 points.
For the month, HSI was up 6.1 per cent, while HSCE gained 4.5 per cent.
China stocks extended gains, as investors piled into resource firms which forecast jumps in first-half earnings, reinforcing a rotation into blue chips that feature solid growth and fundamentals.
The blue-chip CSI300 index rose 0.4 per cent, to 3,737.87, while the Shanghai Composite Index added 0.6 per cent to 3,273.03 points, its highest since mid-April.
For the month, CSI300 advanced 2.0 per cent, while SSEC gained 2.5 per cent.
WELLINGTON: The S&P/NZX 50 Index rose 0.7 per cent to 7693.99.
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