This translation has been automatically generated and has not been verified for accuracy.Shares were lower in Europe on Tuesday after a mixed session in Asia, where Chinese benchmarks declined after Hong Kong’s leader warned political protests may push the territory into recession.
“A U.S.-China trade deal, even an interim one, remains the critical macroeconomic event for the year,” Jeffrey Halley of Oanda said in a commentary.In Asia, Japan’s Nikkei 225 index gained 0.5% to 22,974.13, while the S&P ASX/200 edged 0.1% higher to 6,745.40. In other markets, South Korea’s Kospi was almost unchanged at 2,092.69. Shares rose in Taiwan and Singapore but fell in Bangkok and Jakarta. India’s Sensex advanced 1.6% to 39,861.40.Traders are awaiting releases of several important U.S. economic reports this week, including the Labor Department’s monthly employment report on Friday. Economists expect a slight increase in the unemployment rate to 3.6% in October from 3.5% in September.
Despite Monday’s rally, the market could be in for some volatility this week as some 156 companies in the S&P 500 are scheduled to issue their quarterly results this week.