U.S.-China relations will be a focal point this week
Dow Jones Industrial Average (DJI) futures are set to start the month flat, as civil unrest stews at home and abroad. Investors are unpacking a weekend's worth of civil protests in states across the U.S. in response to the deathof George Floyd. Elsewhere, U.S.-China tensions continue to bubble, after U.S. President Donald Trump's speech on Friday hinted at a change in rhetoric toward Hong Kong. Futures on the S&P 500 Index (SPX) the Nasdaq-100 Index (NDX) are also flat, as Wall Street also weighs the slowly reopeningU.S. economies with the coronavirus pandemic.
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Suffering Nordstrom stock attractsoption bears.Canopy Growth stock is smoldering after a fourth-quarter earnings miss.Plus, Zynga makes a big purchase; Zoom combats Zoombombing; and Keurig Dr Pepper gets upgraded.Stocks in Asia were higher on Monday, after data shed light on China's expanding factory activity. Hong Kong's Hang Seng led gains this morning, closing 3.4% higher, after Trump announced his intention to take action to eliminate special treatment for Hong Kong - the result of a controversial national security bill that was approved by China. Meanwhile, China's Shanghai composite gained 2.2% and South Korea's Kospi gained 1.8%. Elsewhere, Japan's Nikkei rose 0.8%, as shares of financial giant Softbank Group jumped nearly 4%.
Amid the easing of coronavirus-related lockdowns, stocks in Europe are rising today as investors eye the reopening of economies across the globe. To kick the week off, London's FTSE 100 is up 1.1%, while France's CAC 40 was last seen 1.1%higher. Stocks in Germany are closed for holiday.