Europe, Asia see mixed results on session

European equities markets were mixed on Monday. The FTSE Eurofirst 300 dropped 0.08 percent to 1,597.48. In Madrid, the IBEX added 0.45 percent to 14,851.7, but the Dax dropped 0.24 percent to 7,930.61 in Frankfurt and the Paris CAC-40 was 0.34 percent lower to 6,002.85. There were gains in the food and beverages sector, while utilities and carmakers were mixed. Banks and the semiconductors sector both saw declines on the session. In London, the FTSE 100 added 0.32 percent to 6,588.4 but the FTSE 250 dropped 0.1 percent to 11,577.4. Miners declined after predictions that commodities prices are on the way down. Car dealers also saw declines. There were gains among food processors and pubs operators, as well as in the retail sector.

Markets in the Asia-Pacific region were also mixed on the session. In Taiwan, the Taiex index added 1.4 percent to 8,939.19, a seven-year high. The Sensex was also higher, adding 0.14 percent to 14,487.72. Among decliners, the Shanghai Composite fell 3.7 percent to 3,941.08. Elsewhere, the Sydney Ordinaries dropped 0.79 percent to 6,358.6, while the Hang Seng index in Hong Kong fell 0.81 percent to 21,822.35. In Singapore, the Straits Times index was 0.97 percent lower to 3,580.33 on negative broker comments. The Tokyo markets were also lower, with the Nikkei 225 down 0.6 percent to 18,087.48 and the Topix index 0.7 percent lower to 1,764.87. Mergers news brought mixed results in the retail and electronics sectors. Meanwhile, the real estate sector was substantially lower.

In New York, equities markets were up at mid-session. The Dow Jones Industrial Average added 0.94 percent to 13,486.34, while the Nasdaq Composite gained 0.57 percent to 2,603.6 and the S&P 500 was 0.71 percent higher to 1,513.19. The Russell 2000 index of small and mid-caps was 0.29 percent higher to 837.19. The gains were helped by only a slight decline in existing home sales and news that Treasury bond yields had fallen a bit. The automobile manufacturing sector was helped by a broker upgrade. The media sector was mixed on the day.

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