Stocks may give back ground in early trading – u. s. commentary


Stocks may move to the downside in early trading on Monday, giving back ground following the strong upward move seen last Friday. Exchange rate hkd to usd The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 41 points.

Profit taking may contribute to early weakness on Wall Street after the strength seen in the previous session lifted the Dow back above 20,000 and helped the tech-heavy Nasdaq reach a new record closing high.

After a quiet start, the economic calendar for the week remains relatively light, although traders are likely to keep an eye on reports on international trade, import and export prices, and consumer sentiment.

Among individual stocks, shares of Newell Brands (NWL) may move to the downside after the household products maker reported fourth quarter earnings that matched expectations but on weaker than expected revenues.

Meanwhile, shares of Hasbro (HAS) are moving sharply higher in pre-market trading after the toy maker reported better than expected fourth quarter results and raised its quarterly dividend.

Following the lackluster performance seen last Thursday, stocks moved mostly higher over the course of the trading day on Friday. Understanding binary Upbeat jobs data contributed to the strength on Wall Street along with Trump’s efforts to roll back financial regulations.

The major averages ended the session near their best levels of the day. Euro today The Dow jumped 186.55 points or 0.9 percent to 20,071.46, the Nasdaq climbed 30.57 points or 0.5 percent to 5,666.77 and the S&P 500 advanced 16.57 points or 0.7 percent to 2,297.42.

For the week, the major averages turned in a mixed performance. 100 usd to euro While the Dow edged down by 0.1 percent, the Nasdaq and the S&P 500 both inched up by 0.1 percent.

In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Monday. Euro to usd forecast Japan’s Nikkei 225 Index rose by 0.3 percent, while Hong Kong’s Hang Seng Index jumped by 1 percent.

Meanwhile, the major European markets have moved to the downside on the day. Free pictures to color While the U.K.’s FTSE 100 Index has dipped by 0.3 percent, the French CAC 40 Index and the German DAX Index are down by 0.7 percent and 0.9 percent, respectively.

In commodities trading, crude oil futures are slipping $0.10 to $53.73 a barrel after rising $0.29 to $53.83 a barrel last Friday. Euro to inr conversion rate today Meanwhile, an ounce of gold is trading at $1,231.70, up $10.90 from the previous session’s close of $1,220.80. American futures market On Friday, gold edged up $1.40.

On the currency front, the U.S. Usd conversion rate dollar is trading at 112.16 yen compared to the 112.61 yen it fetched at the close of New York trading on Friday. Exchange rate aed usd Against the euro, the dollar is valued at $1.0716 compared to Friday’s $1.0783.