Asian markets traded mostly lower on Monday, as GDP data from Japan fell short of forecasts, growing by a slim .3%. The Nikkei eased .1% to 8885, the Kospi slumped .7% to 1932, and the ASX 200 edged up .1% to 4283. China’s Shanghai Composite tumbled 1.5% to 2136, as brokerages tumbled on earnings concerns, and the hang Seng declined .3% to 20081.
In Europe, the major indexes declined as well. The DAX sank .5% to 6910, the while the FSTE and CAC40 both slipped .3%.
US stocks settled mostly lower, but the losses were minor. The Dow declined 39 points to 13169, the S&P 500 eased .1% to 1404, and the Nasdaq inched up 2 points to 3023.
Google shares jumped 2.8% to 660.01 after announcing it would cut 20% of Motorola Mobility’s workforce, which it purchased in May.
Treasuries and Commodities
Bonds settled little changed, with 10-year notes down 1/32 to yield 1.66%, and 30-year notes flat to yield 2.75%.
Natural gas fell another 1.1% to 2.741, gasoline declined .4% to 2.9928, and crude oil eased .1% to 92.79.
Copper and silver both sank 1.2% to 3.353 and 27.73 respectively, while gold shed .7% to 1609.10.
Corn slumped 2.1%, wheat tumbled 3.2%, and soybeans skidded 2.6% as agricultural futures sold off.
The Euro advanced .4% to 1.2337, and the Swiss Franc moved in step, rising .4% to .9736. The Australian Dollar declined .5% to 1.0521, and the Canadian Dollar slipped .1% to .9925. The Pound settled little changed at 1.5684, and the Yen ticked down less than .1% to 78.33.
Tuesday’s reports will include PPI, retail sales, business inventories, and the TIPP economic optimism report.
Earnings are due from Bob Evans Farms, Dick’s Sporting Goods, Estee Lauder, Home Depot, JDS Uniphase, and Saks.