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Stock futures fell on Monday morning after sluggish start to August: Live updates

16 Mins Ago

European equity markets open lower

European markets opened lower Monday morning after a downbeat string of sessions last week.

The pan-European Stoxx 600 index was down 0.2% in the first minutes of trading, with sectors spread across negative and positive territory. Mining stocks led losses with a 1.1% drop, followed by oil and gas, which was down 0.9%. Food and beverage led moderate gains with a 0.3% uptick.

— Hannah Ward-Glenton

An Hour Ago

Yen breaches 145 mark against the dollar, prompting expectations of BOJ intervention

5 Hours Ago

Shares of Country Garden continue to slide after it suspends trading of onshore bonds

Shares of Chinese real estate company Country Garden Holdings continued to tumble after it announced that it will suspend the trading of 11 onshore bonds. The stock reached a new all time low after it slid 10% on its open.

In a filing over the weekend, Country Garden said the suspension will take effect today, and the resumption of trading “will be determined separately.”

“During the suspension, the company will perform information disclosure obligations in strict accordance with the requirements of relevant laws and regulations, and will apply for resumption of corporate bonds in a timely manner after relevant matters are determined,” it said.

7 Hours Ago

CNBC Pro: Alibaba is doubling down on A.I. — Chinese stocks to watch

9 Hours Ago

Stock futures open slightly higher

Futures for the major market indexes opened modestly higher on Sunday evening.

S&P 500 and Nasdaq 100 futures rose about 0.2% each. Dow Jones Industrial Average futures added roughly 0.1%.

— Jesse Pound

9 Hours Ago

U.S. Steel says it is reviewing strategic options

U.S. Steel announced on Sunday that it is reviewing strategic options after the company received unsolicited proposals for deals, including potentially buying the entire company.

“U. S. Steel’s Board and management team are committed to maximizing value for our stockholders, and to that end, we have commenced a comprehensive and thorough review of strategic alternatives,” David B. Burritt, U. S. Steel’s President and CEO, said in a press release.

The company said there is no deadline for the review. U.S. Steel’s stock is down 9.3% year to date.

— Jesse Pound

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