China’s exports and imports fell more than expected in July in a rocky start to the third quarter, pointing to further weakness in global demand in the aftermath of Britain’s decision to leave the European Union.
The S&P 500 opened at an all-time intraday high on Monday after Friday”s jobs data helped revive investors” confidence in the U.S. economy. The index climbed 1 points to 2,183. Dow industrials were flat at 18,542. The Nasdaq Composite added 1 point to 5,223. Oil prices moved higher, helping to shore up energy and materials shares.
U.S. stocks traded slightly higher on Monday as investors further digested Friday’s strong jobs report, kept an eye on oil prices and awaited retail data due later this week.
Next Trading Day’s Important Events
- 17:00 (GMT+3) UK GDP from NIESR
- USDJPY: 102.56
- EURUSD: 1.1075
- S&P 500: 2,182.60
- NASDAQ : 5,217.57