The S&P 500 and the Dow were up slightly while the Nasdaq fell and the dollar gained as investors waited for clues on the Federal Reserve's interest rate path as well as a raft of economic data and quarterly earnings reports.
While some overseas markets were closed for the May 1 holiday, U.S. investors were gearing up for earnings reports such as Apple Inc's, due Thursday, and data including April's U.S. non-farm payrolls report due out on Friday. "You've a whole stew of data coming out this week. You don't know if the cioppino is going to be hot, mild or somewhere in between, which is why you have the market hanging around this unchanged level," said Pavlik.
The pan-European STOXX 600 index rose 0.02 per cent and MSCI's gauge of stocks across the globe shed 0.07 per cent. Emerging market stocks lost 0.10 per cent. In currencies, the dollar index rose 0.383 per cent, with the euro down 0.45 per cent to $1.097. The Japanese yen weakened 0.78 per cent versus the greenback at 137.35 per dollar, while sterling was last trading at $1.2498, down 0.59 per cent on the day.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices slide on Fed rate hike expectations, weaker China PMITOKYO : Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates combined with weaker Chinese manufacturing data to erase earlier gains.Brent futures for July delivery were down 55 cents, or 0.7 per cent, at $79.78 a barrel at 0009 GMT, while U.S. West Texa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Prince William to star in fly-on-the-wall documentary seriesPrince William will star in his own fly-on-the-wall documentary series. The 40-year-old Prince of Wales - who has three children with his wife Catherine, Princess of Wales - is joining forces with ITV for the series, which will follow him around the UK on a number of public appearances as he launches a homelessness initiative. A TV source told The...
Source: asiaonecom - 🏆 10. / 59 Read more »
US Fed expected to hike again despite signs of slowing economyWASHINGTON: The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth - and possibly final - time on Wednesday (May 3), as it continues its fight against high inflation
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Father of hundreds gets sperm donation ban from Dutch courtTHE HAGUE - A Dutch court on Friday (April 28) ordered a man who judges said had fathered between 500 and 600 children around the world to stop donating sperm. The 41-year-old Dutchman, identified by de Telegraaf newspaper as Jonathan Meijer, was forbidden to donate more semen to clinics, the court ruling said. He could be fined 100,000 euros (S$149,000)...
Source: asiaonecom - 🏆 10. / 59 Read more »
New Sudan clashes despite truce, UN warns country at 'breaking point'KHARTOUM: Fierce fighting broke out again on Monday (May 1) between Sudan's army and paramilitaries despite the formal extension of a truce, after the United Nations warned the humanitarian situation reached 'breaking point'. More than 500 people have been killed since battles erupted on Apr 1
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Oil drops as economic growth concerns offset OPEC+ cutsLONDON :Oil fell on Monday as concern over the economic impact of the U.S. Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data outweighed support from new OPEC+ supply cuts taking effect this month.The Fed, which meets on May 2-3, is expected to increase interest rates by
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »