United Kingdom BRC Retail Sales Monitor YoY

Japan PPI YoY

Japan PPI MoM

Japan Bank Lending YoY

The S&P 500 closed little changed and the Nasdaq fell 0.4%, while the Dow gained 196 points on Monday. Tech led the declines, while energy, communication services and consumer staples outperformed. Investors are preparing for the earnings season while awaiting key US inflation data due later this week. Meanwhile, oil prices rose following deadly strikes on Riyadh’s airport over the weekend. Prices also drew support from renewed concerns over energy infrastructure after Ukrainian President Zelenskyy said Russia had continued targeting energy facilities, despite US President Trump’s highlighting fresh Russian diesel exports and a Russia-Ukraine ceasefire on energy targets. Micron tumbled 3.9% as investors assessed growing competition from China’s CXMT and Nvidia fell 1.3%. In contrast, Meta gained 3.4% following the release of a long-awaited AI model, while Salesforce advanced 2.1% after Bank of America upgraded the stock. Chevron also rose 1.4% amid higher oil prices.

US Stocks End Mixed, With Tech Shares Under Pressure

Lumber futures rose to $540 per thousand board feet, their highest level in nearly a month, as Hurricane Isaias threatened supplies across key producing regions. The storm swept through the US Gulf Coast, causing major power outages in Alabama and Mississippi, both significant lumber-producing states, raising concerns over supply disruptions and pressuring prices. Lumber supplies were already constrained by escalating trade tensions between the US and Canada. Ottawa had announced counter-tariffs of 25% on US lumber and 50% on plywood in response to US tariffs on several lumber-related products. US forestry groups have long accused Canada of distorting the market, arguing that the largely public owned Canadian forestland gives domestic producers a cost advantage. However, gains remain tempered by weakness in the US housing market. Mortgage rates have climbed to 7.4%, their highest in nearly three years, raising borrowing costs for homebuyers and weighing on housing demand.

Lumber Rises to One-Month High

The FTSE MIB Index rose 289 points or 0.58 percent on Monday to close at 50035 points. Leading the gains are Davide Campari-Milano (2.99%), Avio (2.75%) and Infrastrutture Wire (2.56%). Top losers were STMicroelectronics (-2.17%), Unipol Gruppo (-1.65%) and Amplifon (-1.63%).

The FTSE MIB Index Closes 0.58% Higher

EU Gas increased to 84.52 EUR/MWh, the highest since December 2022. Over the past 4 weeks, Natural Gas EU gained 2.19%, and in the last 12 months, it increased 168.06%.

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest News