Geopolitical Tensions Are Making Investors Nervous
This is what you need to know on Monday:
European stocks open higher Monday even as investors adopt a cautious tone amid accelerating geopolitical uncertainty in Asia and South America.
HSBC Group plc posted stronger-than-expected first half earnings Monday and launched an additional $2 billion share buyback program as Europe's biggest bank continues to see firmer growth in Asian markets.
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Global oil prices extended gains in overnight trading to approach two-month highs as investors reacted to escalating violence around Venezuela's contentious constitutional elections and the threat of U.S.-led sanctions.
The European single currency was marked at 1.1740 against a weaker greenback in early trading, modestly shy of the two-and-a-half year high it reached late last week, as investors set positions ahead of the flash estimate of currency area inflation for the month of July from Eurostat at 10:00 am London time.
Early indications from U.S. equity futures point to a mixed open on Wall Street, with the Dow Jones Industrial Average and the S&P 500 set to slip modestly at the bell while the Nasdaq is priced to add around 0.05% at the start of trading.
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