What is behind the mixed signals in global stocks today

European shares fell on January 3, 2025, influenced by mixed trading in Asia and concerns over Chinese markets. Germany's DAX declined by 0.3%, the CAC 40 dropped by 0.7%, and Britain's FTSE 100 lost 0.1%. In contrast, the S&P 500 and Dow Jones Industrial Average futures recorded gains of 0.4% and 0.3%, respectively. Japan's market was closed for the New Year holiday. The dollar showed stability at 157.24 Japanese yen. Hong Kong's Hang Seng index increased by 0.7%, while Shanghai's Composite index fell 1.6% and Shenzhen's benchmark decreased by 2.7%. In South Korea, the Kospi gained 1.8%, supported by increases in SK Hynix and Samsung Electronics. Australia’s S&P/ASX 200 rose by 0.6%. On the previous day, the S&P 500 marked a four-day losing streak, declining by 0.2%, while the Dow Jones and Nasdaq composite also fell. Tesla's stock dropped by 6.1% due to lower-than-expected vehicle deliveries. U.S. crude oil fell to $72.78 per barrel, while Brent crude dropped to $75.57. The euro traded at $1.0291.

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