Investment Market Update
Asian stocks were mixed as investors assess whether corporate earnings can deliver on high expectations against a backdrop of trade tensions. Treasuries and the dollar were steady ahead of testimony from Federal Reserve Chairman Jerome Powell.
US stocks closed lightly lower as shares of energy companies fell alongside a decline in oil prices and as investors looked ahead to a busy week of corporate earnings results.
UK stocks closed lower, weighed down by energy and mining companies after a fall in the price of oil and metals.
- Artificial Intelligence (AI) will create as many jobs in the UK as it will displace over the next 20 years, a report has said. The analysis, by accountancy giant PwC, found AI would boost economic growth, creating new roles as others fell away. But it warned there would be "winners and losers" by industry sector, with many jobs likely to change.
- Netflix shares plunged by more than 14% in after-hours trade on Monday, after the firm reported disappointing subscriber growth. Netflix said it added 5.2 million subscribers in the three months to the end of June, the same number it did during the period last year. The streaming service had forecast growth of 6.2 million.
Due to unforeseen circumstances, market data is unavailable.
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