{"id":115203,"title":"What happened overnight – Monday 1st July 2024","publisher":"Share Talk","author":"sharetalk","published":"2024-07-01T07:09:21+00:00","modified":"2024-07-01T07:09:21+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-monday-1st-july-2024/","markdown_url":"https://www.share-talk.com/what-happened-overnight-monday-1st-july-2024.md","json_url":"https://www.share-talk.com/what-happened-overnight-monday-1st-july-2024.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Asian","Australia","china","Dow Jones Industrial Average","Hang Seng","Hong kong","Japan","Korean","markets","NASDAQ","Nasdaq Composite index","S&P 500","South Korea","Stock Markets","Taiwan","Tokyo","US stocks","US Treasury bonds","Wall Street","Yen"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/06/WORLD-750x406-1.webp?fit=750%2C406&ssl=1","format":"news","language":"en-GB","content":"The euro appreciated overnight as the far-right National Rally party appeared unlikely to secure a majority, despite significant gains in the first round of parliamentary elections.\n\nPolling agencies suggest the National Rally might secure a majority in the lower house, though the outcome remains uncertain due to the complex voting system.\n\nThe euro increased to nearly 85p from 84.7p.\n\nIn Asia, stocks mostly rose on Monday after Japan and China reported data indicating relatively sluggish growth in their economies.\n\nJapan’s benchmark Nikkei 225 gained 0.3% to 39,693.29 following a Bank of Japan quarterly survey, known as the “tankan,” which revealed a modest improvement in confidence among the largest manufacturers in the April-June quarter.\n\nHowever, the government revised its first-quarter growth estimate downward to a minus 2.9% annual rate from the previously reported minus 1.8%.\n\nThe Shanghai Composite climbed 0.3% to 2,976.64 after a weekend survey of factory purchasing managers showed conditions remained in contraction for the second consecutive month.\n\nHong Kong markets were closed for a holiday.\n\nAustralia’s S&P/ASX 200 fell 0.3% to 7,744.20. South Korea’s Kospi inched up 0.2% to 2,802.87 after a private-sector survey indicated the best factory activity since April 2022."}