European markets closed higher after investors shifted focus to upcoming earnings with the backdrop of uncertain natural gas supply in the region. The euro maintained a downward trend and briefly traded at parity with the U.S. dollar.
U.S. stocks traded sideways as the dollar extended gains against the worldwide currencies. Investors are dialing down the earnings growth expectations as corporations face macroeconomic headwinds and cost pressures.
The S&P 500 index closed down 1% and the Nasdaq fell 2% as focus shifts to earnings ahead. Dollar strength adds to a growing list of worries as investors look for clues of the future path of earnings.
Asian Markets closed down but the indexes in Japan gained more than 1% after the Bank of Japan revised higher its economic assessment for seven of the nine country's regions. The ruling Liberal Democratic Party won enough seats to revise its pacifist constitution.
Stocks traded lower on Monday ahead of earnings from banks later in the week and inflation report on Wednesday. European markets dropped on the worries of natural gas supply in two weeks.
From the beginning, Elon Musk's $44 billion bid was questioned by financial community despite participation from 18 other prominent investors. The social media platform has seen a string of departures and management turmoil since Musk's involvement.
The latest job report highlighted the strength in the labor market despite signals of economic growth waning. The killing of Japan's former prime minister Shinzo Abe sent shock waves around the world.
TAG Immobilien initiated a shareholder rights plan and raise capital to finance the acquisition of ROBYG SA. Holcim agreed to acquire the leading ready concrete-mix maker in Romania.
European markets advanced in cautious trading after Italian production declined for the first time in four months. France's trade and current account deficit widened and Norway's trade surplus soared on a surge in energy exports.
U.S. indexes extended rally to the fourth day and are set to close the week higher after energy stocks led the rebound. Natural gas prices rebounded 13%. The UK pound was in focus after Prime Minister Boris Johnson was forced out plunging the British economy in turmoil.
U.S. stocks extended gains for the fourth day in a row and weekly jobless claims rose. Trade deficit declined in May but increased 38% from a year ago.
U.S. stocks closed higher after the release of Fed's minutes of meeting held in June. Policy members favored higher and faster rate increases fearing the anchoring of inflation at elevated levels and Fed's inflation-fighting credibility in question.
Oil complex dropped for the third day in a row after crude oil prices extended losses and traded below $100 for the second day in a row. RingCentral plunged 10%. Amazon may take a stake in Grubhub.
