Global stocks mixed as U.S. investors take day off for President’s Day

NEW YORK, New York — U.S. stock markets were closed Monday for the Presidents’ Day holiday.

Global stock markets saw mixed results Monday, with some indices posting gains and others experiencing losses. The FTSE 100 in the UK closed up 0.12 percent at 8,014.31, while the DAX in Germany closed down 0.03 percent at 15,477.55 The CAC 40 in France lost 0.16 percent to close Monday at 7,335.61.

In Asia, the Nikkei 225 in Japan closed up 0.07 percent at 27,531.94, while the Hang Seng in Hong Kong closed up 0.81 percent at 20,886.96.

The SSE Composite Index in China made hefty gains, adding 2.06 percent to 3,290.34, while the Shenzhen Index closed up 2.03 percent at 11,954.13.

In Australia, the S&P/ASX 200 closed up 0.06 percent at 7,351.50, while the ALL ORDINARIES closed unchanged at 7,552.50.

The KOSPI Composite Index in South Korea closed up 0.16 percent at 2,455.12, while the S&P BSE SENSEX in India closed down 0.51 percent at 60,691.54.

Overall, the global markets showed a lack of direction on Monday, with some indices seeing modest gains and others experiencing losses. Investors continue to monitor geopolitical events and economic data releases.

The foreign exchange market closed with mixed results Monday. The Euro to US dollar exchange rate was down slightly by 0.07 percent or 0.00074, closing at 1.0686. Meanwhile, the Japanese yen exchange rate was little changed, closing at 134.190.

The US dollar to Canadian dollar exchange rate fell by 0.17 percent or 0.00224, closing at 1.3449. Similarly, the British pound to US dollar exchange rate decreased by 0.04 percent or 0.00052, closing at 1.2034. The US dollar to Swiss franc exchange rate dropped by 0.11 percent or 0.00100, to 0.9231.

On the other hand, the Australian dollar to US dollar exchange rate rose by 0.54 percent or 0.00373, to 0.6914. The New Zealand dollar increased by 0.23 percent or 0.00142, to 0.62547.

Overall, the foreign exchange market showed some minor fluctuations in trading, with some currencies gaining ground and others losing it. Traders will continue to keep a close eye on the market and economic indicators as the week progresses.