Global Markets Witness Mixed Performances Amid Holiday Closures

Global markets reported mixed results, with significant closures for New Year holidays affecting trading in several regions. European indices showed minimal change, while manufacturing data from China pointed to insufficient economic boosts. US markets reflected on economic trends and potential inflation risks, amidst a backdrop of international trade concerns and energy price fluctuations.

Global markets showed mixed performances as trading experienced interruptions due to New Year holidays, with exchanges in Tokyo and Seoul closing for the festivities.

In Europe, France's CAC 40 saw a slight rise to 7,307.87, while London's FTSE 100 remained nearly unchanged at 8,119.65. While German markets took a holiday break, the future of the S&P 500 in the US saw a moderate uptick of 0.2% with the Dow Jones increasing by 0.1%. However, the Australian market fell sharply, with the S&P/ASX 200 dropping by 0.9% to 8,159.10.

China witnessed a decline in the Shanghai Composite by 1.6% due to lukewarm manufacturing data, suggesting Beijing's stimulus measures have yet to sufficiently invigorate the economy. Meanwhile, US markets brace for potential inflationary measures as they await fresh reports on construction and manufacturing following a stellar year driven by economic growth and consumer spending momentum.

(With inputs from agencies.)