Waterfront metropolis skyline of Sydney metropolis downtown at evening with vibrant illumination of recent architectural landmarks in Sydney, Australia.
Prasit Photograph | Second | Getty Photos
Australian shares fell Monday after Prime Minister Anthony Albanese returned to energy, whereas most Asian markets had been closed for holidays.
Albanese is the nation’s first prime minister to clinch a second consecutive time period in 21 years, indicating Australians’ want for coverage continuity amid an unsure international macroeconomic outlook.
The benchmark S&P/ASX 200 declined 0.47%, reversing course from robust positive factors in its final session when it hit its highest degree since Feb. 27.
The Australian greenback appreciated by 0.45% in opposition to the dollar to commerce at 0.6471.
The offshore Chinese language yuan appreciated 0.30% in opposition to the U.S. greenback to 7.187, its strongest degree since November 2024.
The New Taiwanese greenback continued to strengthen, appreciating almost 3% in opposition to the dollar to 29.795, hitting its strongest degree in additional than two years.
Taiwan’s benchmark Taiex fell 0.31% in uneven commerce.
Japanese, South Korean, Hong Kong and Chinese language markets had been closed for public holidays.
Oil costs plunged after OPEC+ agreed to boost manufacturing for a second month. Brent crude was down 3.31% at $59.26 a barrel, whereas the West Texas Intermediate crude fell 3.59% to $56.20.
U.S. futures edged down, reversing course from robust wins in Wall Avenue final week.
The broad-based S&P 500 ended Friday’s session 1.47% greater at 5,686.67. This marked its ninth consecutive day of positive factors and is its longest successful run since November 2004. The benchmark additionally managed to get better all losses incurred since April 2, when U.S. President Donald Trump introduced retaliatory tariffs.
The Dow Jones Industrial Common jumped 564.47 factors, or 1.39%, to finish at 41,317.43, and the Nasdaq Composite gained 1.51% to 17,977.73.
— CNBC’s Sean Conlon and Hakyung Kim contributed to this report.
