Global shares mixed
Asian stocks kicked off the week with losses Monday as investors reacted to a selloff on Wall Street, but major stocks in Europe managed slight gains.
U.S. markets are closed Monday for Martin Luther King Jr. day.
On Friday, the blue-chip Dow Jones industrial average tumbled 100 points, or 1%, as investors remained wary about corporate earnings.
Global markets: Most stocks in Asia tracked Wall Street’s losses. Japan’s Nikkei lost 1.2% and the Hang Seng in Hong Kong finished the session down 0.9%.
In Europe, major indexes managed slight gains. In morning trading, the FTSE 100 in the UK was up about 0.7%. France’s CAC 40 and the DAX in Germany both added about 0.5%.
Oil and dollar: Oil prices edged higher. U.S. crude for February delivery rose 20 cents to $78.20 a barrel in electronic trading.
The dollar was up just a shade against the euro and flat versus the yen.
Investors are likely to remain on edge as they await a slew of results this week.
Overall, 57 companies in the S&P 500 are on tap to report their quarterly results this week.