Global Stocks Lower as Earnings Season Picks Up Pace
April 25 2016 - 4:30AM
Dow Jones News
Global stocks inched lower Monday as investors prepared for
another week of first-quarter earnings reports and meetings of the
Federal Reserve and Bank of Japan.
The Stoxx Europe 600 dipped 0.3% in early trade, following a
small drop in oil prices and subdued sessions in Asia and on Wall
Street. Brent crude was last down 0.7% at $44.79 a barrel, weighing
on shares of energy and mining companies.
Japan's Nikkei Stock Average ended down 0.8% on Monday as the
dollar fell 0.4% against the yen to ¥ 111.3240. The Bank of Japan
meets on Thursday, and many investors are expecting it to launch
additional stimulus measures following a sharp appreciation of the
Japanese currency and a recent stock-market slump.
U.S. stocks ended mixed Friday, as lackluster earnings reports
from Microsoft and Alphabet weighed on shares of tech companies.
Futures pointed to a small opening loss for the S&P 500.
Changes in futures do not necessarily reflect market moves after
the opening bell.
The Federal Reserve begins a two-day meeting on Tuesday, and
investors will be watching the bank's economic assessment closely
for hints at whether it will raise interest rates at its June
meeting.
Write to Riva Gold at riva.gold@wsj.com
(END) Dow Jones Newswires
April 25, 2016 04:15 ET (08:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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