Reuters reports that world stocks and the dollar were broadly steady on Monday. This as a busy week of central bank meetings and company updates began. In addition, Japanese government bonds sold off before possible monetary policy tweaks.
Disappointing updates from U.S. tech heavyweights overshadowed solid results elsewhere. This helped knock European shares off six-week highs.
JCI Capital strategist and fund manager Alessandro Balsotti said, “Quarterly results continue to be more than good overall, but markets appear to be particularly sensitive to the sporadic negative updates, especially from tech stocks.”
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Global Stocks Start The Week Off Steady