US Close 5 Jul 16: No trade in the US, Europe weaker, big focus on RBA

2016-07-05

European shares fell for the first time in five sessions on Monday. Gains in mining stocks were offset by losses in the financial sector. Italian bank Monte dei Paschi hit a record low after the European Central Bank requested that it sell its bad loans. Italy's FTSE MIB fell by 1.7%. The FTSEurofirst 300 index fell by 0.6%, the German Dax fell by 0.7%, while the UK FTSE lost 0.8%. In London trade, shares in BHP Billiton rose 1.3% while Rio Tinto rose 0.5%.

European shares fell for the first time in five sessions on Monday. Gains in mining stocks were offset by losses in the financial sector. Italian bank Monte dei Paschi hit a record low after the European Central Bank requested that it sell its bad loans. Italy's FTSE MIB fell by 1.7%. The FTSEurofirst 300 index fell by 0.6%, the German Dax fell by 0.7%, while the UK FTSE lost 0.8%. In London trade, shares in BHP Billiton rose 1.3% while Rio Tinto rose 0.5%.

* US sharemarkets were closed for the Independence Day holiday.

* US treasury markets were closed for the Independence Day holiday.

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