Asian markets were trading lower. China's Shanghai Composite shed 0.23 percent or 4.71 points at 2,054.68. Hong Kong's Hang Seng was down 0.14 percent or 30.17 points at 21,273.14. Japan's Nikkei added 0.73 percent or 105.34 points at 14,611.59. Singapore's Straits Times was flat at 3,234.90.
In the US, markets finished modestly higher in lackluster trading as investors digested a handful of mixed economic data and ahead this week's slew of earnings reports. The US markets have seen eight straight days of gains so perhaps a pause is inevitable. The CBOE Volatility index closed below 14.
On the earnings front in the US, Citigroup rose after the financial giant delivered another positive surprise in the banking sector, posting profit of USD 1.25 per share against estimates of USD 1.17. Other financials slated to post quarterly results this week include Goldman Sachs, Bank of America and Morgan Stanley.
Retail sales rose just 0.4 percent in June missing expectations for a gain of 0.8 percent. Meanwhile, growth in New York state's manufacturing sector accelerated to 9.46 in July from 7.84 in June.
In Europe, major indices close higher after China GDP relief. In Europe, the top three political parties in Portugal set a deadline of July 21 to push through bailout reforms. Meanwhile, French President Francois Hollande said Europe's second-largest economy was recovering.
In the US, markets finished modestly higher in lackluster trading as investors digested a handful of mixed economic data and ahead this week's slew of earnings reports. The US markets have seen eight straight days of gains so perhaps a pause is inevitable. The CBOE Volatility index closed below 14.
On the earnings front in the US, Citigroup rose after the financial giant delivered another positive surprise in the banking sector, posting profit of USD 1.25 per share against estimates of USD 1.17. Other financials slated to post quarterly results this week include Goldman Sachs, Bank of America and Morgan Stanley.
Retail sales rose just 0.4 percent in June missing expectations for a gain of 0.8 percent. Meanwhile, growth in New York state's manufacturing sector accelerated to 9.46 in July from 7.84 in June.
In Europe, major indices close higher after China GDP relief. In Europe, the top three political parties in Portugal set a deadline of July 21 to push through bailout reforms. Meanwhile, French President Francois Hollande said Europe's second-largest economy was recovering.
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