Stock market today: World shares lower, Tokyo closed, as focus turns to U.S. Federal Reserve meeting
CTV
Shares fell Monday in Europe and Asia, as investors awaited a meeting this week of the U.S. Federal Reserve.
Shares fell Monday in Europe and Asia, as investors awaited a meeting this week of the U.S. Federal Reserve.
Germany's DAX lost 0.4% to 15,827.65 and the CAC 40 in Paris declined 0.7% to 7,326.66. Britain's FTSE 100 was virtually unchanged at 7,709.53.
The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.1%.
Hong Kong's benchmark was pulled lower by property stocks following reports over the weekend that police had detained staff at the wealth management business of troubled real estate developer China Evergrande.
The Hang Seng dropped 1.4% to 17,930.55.
On Friday, China's national financial regulator announced it had approved the takeover of the group's life insurance arm by a new state-owned entity.
Defaults on debts in the property sector since 2021 have resulted in half-finished apartment buildings, disgruntled homebuyers and fears the industry's troubles might further slow the world's second-largest economy and shake global financial markets.
