World stock markets uneven as weak data clouds outlook
Source: AP
By ELAINE KURTENBACH
TOKYO (AP) — World stock markets were uneven Monday as weak data from the U.S. and China clouded the outlook for the global economy while Greece and its European creditors remained apart on bailout terms.
KEEPING SCORE: Germany's DAX rose 0.7 percent to 11,520.92 and Britain's FTSE 100 added 0.2 percent to 6,977.46. France's CAC 40 gained 0.1 percent to 5,000.89. Many Asian markets fell. Wall Street looked set for a moody start to the week. Dow futures were little changed and S&P 500 futures fell 0.1 percent.
CAUTION APLENTY: A slew of disappointing data from the U.S. and signs of weakness in China, along with uncertainties over the Greek debt situation, have left investors cautious, analysts say. Volatility in the bond market is another factor adding to perceived risks, though the lackluster growth in the U.S. has reinforced expectations that the U.S. Federal Reserve will bide its time in raising interest rates.
THE QUOTE: "Greece will be front and center this week as the country looks to secure a deal with its creditors while avoiding harsh austerity. The government reinforced it won't back down on its election promise to end austerity but this is likely to be a lot harder than they are leading on," Stan Shamu, market strategist for IG, said in a commentary.
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Read more: http://bigstory.ap.org/article/77f76c4a79644a1bb6a09b7186ecf3da/asia-stocks-overshadowed-weak-us-china-data
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