European Shares Decline On China COVID Worries

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(RTTNews) - European stocks inched lower on Monday, with commodity-related stocks coming under selling pressure after China reported the first virus-related deaths recorded since May this year.

Risk sentiment was also hit by fears of a potential escalation in the Russia-Ukraine conflict following recent shelling around the Zaporizhzhia nuclear power plant.

The International Atomic Energy Agency has called for "urgent measures to help prevent a nuclear accident" in the Russian-occupied facility, of which it said parts were damaged but showed no signs of a radiation leak.

The pan European STOXX 600 dropped 0.3 percent to 432.21 after climbing 1.2 percent on Friday.

The German DAX gave up half a percent, France's CAC 40 index slipped 0.3 percent and the U.K.'s FTSE 100 was down 0.2 percent.

Miners Anglo American, Antofagasta and Glencore all dropped around 2 percent while energy stocks such as BP Plc and Shell were down over 1 percent each.

Virgin Money shares jumped more than 10 percent after the British lender reported better-than-expected full-year results and announced a £50 million ($59.4 million) share buyback program.

International Distribution Services, formerly Royal Mail, slumped 4.4 percent as more postal strikes loomed in the busy holiday period.

Commerzbank gained 0.7 percent. The German lender said on Saturday that former Bundesbank president Jens Weidmann would replace Helmut Gottschalk next year as head of its supervisory board.

Swiss engineering company ABB edged down slightly after announcing that its unit ABB E-mobility has signed a pre-IPO private placement of around 200 million Swiss francs for newly issued shares.

In economic releases, German producer price inflation eased more-than-expected in October to reach its lowest level in four months, data from Destatis showed.

Producer prices climbed 34.5 percent year-over-year in October, slower than the 45.8 percent surge in September. That was also well below the 41.5 percent rise expected by economists.

On a monthly basis, producer prices decreased 4.2 percent in October, reversing a 2.3 percent rise in September.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

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Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

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Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

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Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

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Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

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EURUSD	1.16262	GBPUSD	1.34519	AUDUSD	0.64731
USDJPY	147.768	USDCAD	1.38593	USDCHF	0.80574