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European Markets Making Gains after Asia’s Bad Session

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FILE - The logo of stock market operator Euronext is seen on a building in the financial district of la Defense in Courbevoie, near Paris, France, May 14, 2018.

European markets are continuing to trade higher Monday after nearly all Asian indices sustained serious losses.

The CAC-40 in Paris is up 0.5%, while Frankfurt’s DAX index is 0.4% higher at the midday mark. The FTSE index in London is closed for a public holiday.

A woman walks past a bank electronic board showing the Hong Kong share index outside a Hong Kong local bank, Aug. 31, 2020.
A woman walks past a bank electronic board showing the Hong Kong share index outside a Hong Kong local bank, Aug. 31, 2020.

Hours earlier in Asia, the Hang Seng in Hong Kong finished 0.9% lower. Mumbai’s Sensex plunged 2.1%. The KOSPI index in South Korea was 1.1% lower, while Taiwan’s TSEC finished down one percent. Australia’s S&P/ASX and Shanghai’s Composite index were both down 0.2%.

However, Japan’s benchmark Nikkei index closed out the day 1.1% higher.

In commodities trading, gold is selling at $1,975.00 an ounce, slightly higher but basically unchanged percentage-wise. U.S. crude is selling at $43.49 per barrel, up 1.2%, while Brent crude is basically unchanged at $45.08 per barrel.

All three major U.S. indices are trending positively in futures trading ahead of Monday’s opening bell on Wall Street.

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