DAX and CAC among major losers in Asian markets
The fall in European markets was led by the German DAX and the French CAC 40—they fell by 1.3% and 1.4%, respectively. The losses in non-European markets were a little less compounded. The United Kingdom’s FTSE 100 and Sweden’s OMXS30 fell by 0.33% and 0.84%, respectively.
Among other major indexes, the SPDR Euro STOXX 50 ETF (EZU), a Eurozone blue-chip stock index, fell by 1.5%. The Italian FTSE MIB fell by 1.7%.
Asian indexes broadly lower
Critical Asian indexes were trading on a negative bias on July 5, 2016. Major markets including the Japanese and the Australian market were trading lower, while the rise in China partially offset negative sentiments.
Asian ETFs were trading on a contrasting bias with major Asian indexes like the Australian S&P/ASX 200 falling by 1.0% after the Australian Central Bank kept the monetary policy unchanged. The DJ New Zealand rose by 0.46%. The iShares MSCI China ETF (MCHI) would be among the some of the stronger Asia-related ETFs—the Chinese DJ Shanghai rose by 0.47%.
Will US markets open on a negative bias?
US markets were closed on July 4 due to Independence Day. Markets look set to start Tuesday on a weaker note—looking at negative sentiments in global markets. The US Dollar Index (UUP) was trading on a flat note in early trade. It measures the strength of the dollar against other major currencies.