Markets Are Lower After Huge Gains In China
REUTERS/Kim Kyung-Hoon
Markets are drifting a little lower in the US and Europe.And the Nikkei fell slightly.
The big story of the day so far is the big rally in China. The Shanghai Composite gained 2.9% while Hong Kong's Hang Seng Index rallied 2.7%.
These gains came after China released the reform decisions made after the "Third Plenum" late Friday. The reforms included social changes (an end to forced labor camps and a loosening of the one-child policy) as well as economic reforms.
Otherwise, today is a slow day with little big economic news expected to come out.