BANGKOK (AP) – Stock prices in Europe and Asia were lower on Monday, extending Wall Street's recent losses after China reported a slowdown in exports.
KEEPING SCORE: The German DAX lost 0.9 percent to 10,791.30 and the CAC 40 In France it fell by 1 percent to 4,734.02. The FTSE 100 in the UK fell 1 percent to 6,847.09. Wall Street looked down 1 percent on the Dow futures contract and a further 1 percent decline on the S & P 500.
DAY IN ASIA: The Hang Seng Index in Hong Kong lost 1.4 percent to 26,298.33 The Shanghai Composite fell 0.7 percent to 2,535.77. The Kospi in South Korea declined 0.5 percent to 2,064.52 and the Australian S & P ASX 200 was at 5,773.40 low. The Indian Sensex fell 0.4 percent to 35,853.56. Shares also fell in Taiwan and Southeast Asia. Japan's markets were closed for a holiday.
CHINA TRADE: China said on Monday that its exports to the US had declined in December, although its trade surplus with the US in 2018 reached a record $ 323 billion, reaching $ 478.4 billion for the year despite punitive tariffs imposed by President Donald Trump in the battle for Chinese technology ambitions. Customs data showed that imports of American goods increased by only 0.7 percent compared to 2017. This reflects the impact of Beijing's retaliatory tariffs and encouraging importers to buy more from non-US suppliers Jitter of gaining amidst turbulent currents, investors have taken a more defensive approach even after the Fed has expressed patience in further rate hikes " said Stephen Innes of Oanda in a comment.
BREXIT TALK: British Prime Minister Theresa May is scheduled to inform legislators on Monday that she has received further assurances from the European Union on her Brexit deal in a recent attempt To avert a devastating defeat for the unpopular agreement May make a statement to the House of Commons on Tuesday's vote in Parliament on her divorce agreement with the EU, arguing that a victory over the deal could pave the way for EU legislators to block the Brexit, with "catastrophic" results for the confidence of the British in democracy.
ENERGY: US dollar benchmark price level was $ 50.62 per barrel trading on the New York Mercantile Exchange. It lost 1.9 percent to $ 51.59 on Friday. Brent crude, the international standard, lost $ 1.01 to $ 59.47 a barrel. In London, it fell 1.9 percent to $ 60.48 a barrel. CURRENCIES: The dollar was trading at 108.11 yen versus 108.48 yen on Friday. The euro fell from 1.1466 to 1.1457 USD.