Bangkok — BANGKOK (AP) — European stocks rose Monday while Asian stocks fell after Friday’s decline on Wall Street.
Oil prices rose more than $1 per barrel.
on monday, Beijing urged the United States. president Donald Trump To withdraw the threat he made on Friday Crank definitions Prices of Chinese-made goods rose after China imposed tougher restrictions on them Rare earth exports They are important materials for manufacturing everything from consumer electronics to jet engines.
The prospect of further friction between the world’s two largest economies rattled markets, giving US stocks their worst day since April. But over the weekend, Trump embraced A More conciliatory position, alleviating investors’ concerns.
While Trump did not withdraw his threat, he struck a more moderate tone, saying in a post on Truth Social on Sunday, “The US wants to help China, not hurt them!!!”
The German DAX index rose 0.5% to 24,367.45 points, while the CAC 40 index in Paris also rose 0.5% to 7,957.52 points. The British FTSE 100 index rose less than 0.1% to 9,431.44 points.
The future for S&The P 500 index jumped 1.4% while the Dow Jones Industrial Average rose 1%.
“Markets woke up on Monday to the smell of relief – that familiar smell of optimism about risk that only comes after a weekend of mutual saber-rattling followed by a wink and a handshake from Washington,” Stephen Innes of SPI Asset Management said in a commentary.
He added: “But let us be clear: this is not a breakthrough, it is a stage for negotiations.”
Asian stocks initially fell but recovered some of their early losses.
You mentioned China Its global exports rose 8.3% in September from a year earlier, the strongest growth in six months and further evidence that its manufacturers are shifting sales from the United States to other markets.
However, customs data showed that exports to the US fell by 27% year-on-year last month. That was a slight improvement from the 33% decline in August, but it was the sixth straight month of double-digit declines.
In Hong Kong, the Hang Seng Index fell 1.5% to 25,889.48, while the Shanghai Composite Index fell 0.2% to 3,889.50.
The Kospi index in South Korea fell by 0.7% to 3,584.55 points, and the S index in Australia.&The P/ASX 200 index fell 0.8% to 8,882.80.
Taiwan’s Taiex fell 1.4%, and India’s Sensex fell 0.2%.
Markets in Tokyo were closed for holiday.
On Friday, S&The P 500 index fell 2.7% and the Dow Jones Industrial Average fell 1.9%. The Nasdaq Composite Index lost 3.6%.
Nearly six out of every seven stocks inside S&P500 fell. Nearly everything doubled, from big tech companies like Nvidia and Apple to small-cap stocks looking to ride out uncertainty over tariffs and trade.
Maybe the market was ready for a slide. US stocks were already facing criticism that their prices had risen significantly after the S&P crisis&The P 500 is on a relentless run of about 35% from its April low. The index, which determines the movements of many 401(k) accounts, remains near its benchmark Highest level ever Appointed earlier in the week.
Some of the strongest action on Friday was in the oil market, where the price of a barrel of benchmark US crude oil fell 4.2% to $58.90. Brent crude, the international standard, fell 3.8% to $62.73 a barrel.
K fell The ceasefire between Israel and Hamas enters into force In Gaza. Ending the war could remove concerns about disruption to oil supplies, which has kept the price of crude oil higher than it would have been otherwise.
Losses accelerated in the wake of Trump’s threat of tariffs, which could hamper global trade and push the economy to consume less fuel.
However, early Monday, Brent crude rose $1.14 to $63.87 per barrel. The price of standard US crude rose $1.18 to $60.08 per barrel.
In other trading early Monday, the dollar rose to 152.20 Japanese yen from 151.89 yen late Friday. The euro fell to $1.1589 from $1.1614.