Stock market today: World shares are mostly lower after US holiday quiet
TOKYO (AP) — Shares were mostly lower in Europe and Asia on Tuesday after U.S. markets were closed for the Memorial Day holiday.
Germany’s DAX gained 0.3% to 18,828.68 while the CAC 40 in Paris edged 0.1% lower to 8,121.17. In Britain, the FTSE 100 shed 0.2% to 8,303.25, reopening from a bank holiday on Monday.
The future for the S&P 500 was up 0.2% while that for the Dow Jones Industrial Average edged 0.1% higher.
In Asian trading, Chinese markets rose and then fell after senior leaders of the ruling Communist Party met and affirmed Beijing’s determination to contain financial risks.
The Shanghai Composite index dropped 0.5% to 3,109.57. Hong Kong’s Hang Seng lost less than 1 point to 18,821.16.
The Chinese government recently eased interest rates and down payment requirements for housing loans as part of its effort to revive the property sector after a crackdown on excessive borrowing caused defaults among many developers.