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Global Stocks Mixed on Monday          09/27 05:25

   Global shares were mixed Monday, as fears of further waves of coronavirus 
outbreaks clouded the economic outlook for the region, tempering gains.

   TOKYO (AP) -- Global shares were mixed Monday, as fears of further waves of 
coronavirus outbreaks clouded the economic outlook for the region, tempering 
gains.

   France's CAC 40 added 0.6% to 6,678.66 in early trading, while Germany's DAX 
gained nearly 0.9% to 15,667.40. Britain's FTSE 100 edged up 0.3% to 7,072.39. 
U.S. shares were set for gains, with the future for the Dow industrials up 0.5% 
at 34,840.00. The S&P 500 future rose 0.4% to 4,462.25.

   Japan's benchmark Nikkei 225 was little changed, inching down less than 0.1% 
to finish at 30,240.06 after zigzagging earlier in the day. Australia's S&P/ASX 
200 gained 0.6% to 7,384.20. South Korea's Kospi added 0.3% to 3,133.64. Hong 
Kong's Hang Seng inched up 0.1% to 24,208.78, while the Shanghai Composite shed 
0.8% to 3,582.83.

   Japan's ruling party holds an election later this week to choose a leader, 
who is likely to succeed Yoshihide Suga as prime minister after just one year 
in office. All the candidates are certain to stick to the nation's pro-U.S. 
policies, despite some nuances in their views.

   They also are all promising to boost government spending to try to catalyze 
growth in the world's third largest economy.

   Analysts also say Japan's central bank "tankan" economic survey for the 
third quarter, due out Friday, likely will show a deterioration in business 
conditions because of various disruptions to supply chains and renewed 
outbreaks of COVID-19 in many regions.

   Although some parts of the world have lifted COVID-19 restrictions and are 
gradually returning to "normal" life, worries remain in Asia about further 
waves of infections because vaccine rollouts have been slower than the West in 
some nations.

   In Singapore, further COVID-19 restrictions kicked off in an attempt to curb 
the virus' spread, as daily new cases have topped the city-state's peak reached 
in April 2020.

   ""Overall, the manufacturing sector may remain resilient as seen from 
previous phases of restrictions, but the services sector may come under 
pressure. That said, previous business adjustments and softer tightening 
compared to past restriction phases may aid to reduce some impact," said Yeap 
Jun Rong, market strategist at IG in Singapore.

   U.S. markets have had a rough September and investors could be in for more 
volatility given various concerns, including COVID-19 and its lingering impact 
on the economy, along with a slow recovery for the employment market.

   Worries over troubled Chinese real estate developer Evergrande are still 
weighing on global markets. Some Chinese banks on Friday disclosed what they 
are owed by Evergrande, seeking to dispel fears of financial turmoil as it 
struggles under $310 billion in debt.

   In energy trading, U.S. benchmark crude added 91 cents to $74.89 a barrel in 
electronic trading on the New York Mercantile Exchange. It rose 68 cents to 
$73.98 per barrel on Friday. Brent crude, the international standard, gained 94 
cents to $79.03 a barrel.

   In currency trading, the U.S. dollar inched down to 110.68 Japanese yen from 
110.72 yen. The euro cost $1.1710, down from $1.1714.

 
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