A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Monday, Sept. 27, 2021. Asian share rose Monday, but skepticism about the economic outlook for the region tempered the rally amid worries about further waves of COVID-19 outbreaks. (AP Photo/Vincent Yu)
TOKYO (AP) — Global shares were mixed Monday, as fears of further waves of coronavirus outbreaks clouded the economic outlook for the region, tempering gains.
France's CAC 40 added 0.6% to 6,678.66 in early trading, while Germany's DAX gained nearly 0.9% to 15,667.40. Britain's FTSE 100 edged up 0.3% to 7,072.39. U.S. shares were set for gains, with the future for the Dow industrials up 0.5% at 34,840.00. The S&P 500 future rose 0.4% to 4,462.25.
Japan's benchmark Nikkei 225 was little changed, inching down less than 0.1% to finish at 30,240.06 after zigzagging earlier in the day. Australia's S&P/ASX 200 gained 0.6% to 7,384.20. South Korea's Kospi added 0.3% to 3,133.64. Hong Kong's Hang Seng inched up 0.1% to 24,208.78, while the Shanghai Composite shed 0.8% to 3,582.83.
Japan's ruling party holds an election later this week to choose a leader, who is likely to succeed Yoshihide Suga as prime minister after just one year in office. All the candidates are certain to stick to the nation's pro-U.S. policies, despite some nuances in their views.
They also are all promising to boost government spending to try to catalyze growth in the world's third largest economy.
Analysts also say Japan’s central bank “tankan” economic survey for the third quarter, due out Friday, likely will show a deterioration in business conditions because of various disruptions to supply chains and renewed outbreaks of COVID-19 in many regions.
Although some parts of the world have lifted COVID-19 restrictions and are gradually returning to “normal” life, worries remain in Asia about further waves of infections because vaccine rollouts have been slower than the West in some nations.
In Singapore, further COVID-19 restrictions kicked off in an attempt to curb the virus' spread, as daily new cases have topped the city-state's peak reached in April 2020.
“”Overall, the manufacturing sector may remain resilient as seen from previous phases of restrictions, but the services sector may come under pressure. That said, previous business adjustments and softer tightening compared to past restriction phases may aid to reduce some impact," said Yeap Jun Rong, market strategist at IG in Singapore.
U.S. markets have had a rough September and investors could be in for more volatility given various concerns, including COVID-19 and its lingering impact on the economy, along with a slow recovery for the employment market.
Worries over troubled Chinese real estate developer Evergrande are still weighing on global markets. Some Chinese banks on Friday disclosed what they are owed by Evergrande, seeking to dispel fears of financial turmoil as it struggles under $310 billion in debt.
In energy trading, U.S. benchmark crude added 91 cents to $74.89 a barrel in electronic trading on the New York Mercantile Exchange. It rose 68 cents to $73.98 per barrel on Friday. Brent crude, the international standard, gained 94 cents to $79.03 a barrel.
In currency trading, the U.S. dollar inched down to 110.68 Japanese yen from 110.72 yen. The euro cost $1.1710, down from $1.1714.7 Stocks That Still Have Upside For Investors to Buy
It can be fun to invest in some speculative stocks. But it should go without saying that those stocks shouldn’t make up the bulk of your portfolio. In fact, it’s important to find a few good stocks that make up the base of your portfolio. These are momentum stocks that are in a strong uptrend.
One way to find such stocks is to look at the most active stocks (or volume leaders). Shares of these companies are among the most traded or have the highest dollar volume of shares traded in a given trading day.
Any stock may crack this list from time to time (for example, when there’s new news about the company). However, stocks tend to find their way on this list consistently that bear watching. That’s because this list indicates that there is pressure among investors to buy or sell the stock. And that makes an investor’s decision very simple.
And that’s the reason we created this special presentation. The stocks on this list are among the most actively traded stocks on the market today. They also share a similar quality. They are coming off strong years in 2020 and seem to be showing some consolidation for another leg up.
View the "7 Stocks That Still Have Upside For Investors to Buy"