BANGKOK (AP) – Stocks fell in early trading in Europe Monday after a mixed day in Asia, after trade negotiations between China and the United States were packed with officials on both sides claiming progress.
It was the start of another week of uncertainty over Britain's planned split from the European Union.
Cross-party negotiations with jumpstart plans for the so-called Brexit had to be resumed before Friday's deadline for leaving the EU. The opposition party is hoping that the country's political death penalty can be resolved, says business minister Rebecca Long-Bailey.
In Asia, Japan's benchmark Nikkei 225 index declined by 0.2% to 21,761.65, and the Shanghai Composite index complained back losses to edge 0.1% lower, ending at 3,244.81. South Korea's Kospi was almost unchanged at 2,210.60, while Hong Kong's Hang Seng index increased 0.4% to 30,049.94. India's Sensex shed 0.3% to 38,754.38. Shares rose in Taiwan but declined in Singapore and Indonesia.
China's official news agency said on Sunday that trade negotiations with the United States in Washington last week "achieved new progress". It said that the remaining issues will be addressed through "different effective means", but not elaborated on where or when further discussions will take place. It said three-day talks ending on Friday dealt with issues, including technology transfer, protection of intellectual property rights, non-tariff measures, agriculture and enforcement.
Beijing and Washington are working to end a standoff over Beijing's industrial and technology policies that have shaken financial markets and diminished world economic prospects.
Belarus press secretary Sarah Sanders said in a statement on Friday that "significant work remains" and the two parties would be in constant contact.
Wall Street closed another solid week of winnings Friday, logging its longest winning streak in a year and a half. A strong downturn in employment eases concerns that the US economy is falling too sharply, helping to keep trades at a buying temperature.
Last month's unemployment rate was close to a 50-year low of 3.8%. Average hourly wages rose 3.2% in March from the previous year, which was weaker than the economists' forecasts. Markets pay close attention to the numbers, because higher wages help workers buy more things, but also financial profit margins.
The report "goldilocks" was a positive start for the week, Jingyi Pan of IG said in a report. But she added that "Much of what can move markets is closer to the end of the week and could continue to warrant caution in view of the strong optimism currently being put into the market."
Profitability is a major concern as companies are starting to report their first quarter results next week.
ENERGY: The strong US job report has increased oil demand expectations, with US crude benchmark taking up 28 cents to $ 63.36 a year. barrel in electronic commerce on the New York Mercantile Exchange. That made 1.6% settle at $ 63.08 per. Barrel on Friday. Brent crude, the international standard, added 32 cents to $ 70.66 per. Barrel. It added 1.4% to close at $ 70.34 on Friday.
CURRENCIES: The dollar weakened to 111.45 Japanese yen from 111.73 yen, while the euro rose to $ 1.1223 from $ 1.1217. The British Pound up to $ 1.3059 from $ 1.3041 on Friday.