Global Markets Open Mixed Ahead of Busy Economic Data, Corporate Earnings Week

By Dow Jones Newswires StaffGlobal markets started the week mixed ahead of a very busy week of economic data and corporate earnings.The first estimate of U.S. first-quarter gross domestic product comes on Wednesday, along with March PCE data, and monthly jobs data lands on Friday. Apple, Microsoft, Meta and Amazon all report this week, part of a slew of earnings that will offer clues as to how the trade turmoil has affected businesses.Ahead of all that, U.S. futures started the week lower after Friday's gains, the dollar edged higher and Treasury yields eased a touch.Futures for the S&P were recently down about 0.2%, with the Dow Industrials and Nasdaq off 0.1%.The dollar edged higher, supported by hopes for a de-escalation in the global trade war and reduced risks surrounding the Federal Reserve's independence. The DXY dollar index against a basket of major currencies was up 0.1% to 99.5760.U.S. Treasury yields edged lower, extending last week's move in early European trade. The 10-year yield was recently down two basis points to 4.247%.Stock markets in Asia were mixed. Chinese shares ended lower, with the Shanghai Composite Index dropping 0.2%, after Beijing cautioned about the negative impact from trade tensions and the need to further strengthen growth. Elsewhere, South Korea's benchmark Kospi index closed 0.1% higher, India's Sensex was up 0.4%, and Japanese stocks ended higher with carmakers leading the gains.In early European trade, the Stoxx Europe 600 climbed 0.4%, France's CAC 40 increased 0.5% and Germany's DAX rose 0.4%. The U.K. FTSE 100 was up around 0.3%. Major movers included Banca Generali, up over 7% after Mediobanca's bid. Deliveroo shares hit three-year highs after the London-listed food-delivery company said it received a 2.7 billion pounds ($3.59 billion) takeover approach from DoorDash.Oil benchmarks edged higher. Brent crude and WTI were both up 0.2% to $65.92 and $63.18 a barrel, respectively, even as the prospect of increased OPEC+ supply continued to cast a shadow on the overall outlook.Write to Barcelona Editors at [email protected]