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Asian stocks kicked off the week with losses Monday as investors reacted to a selloff on Wall Street, but major stocks in Europe managed slight gains.
U.S. markets are closed Monday for Martin Luther King Jr. day.
On Friday, the blue-chip Dow Jones industrial average tumbled 100 points, or 1%, as investors remained wary about corporate earnings.
Global markets: Most stocks in Asia tracked Wall Street's losses. Japan's Nikkei lost 1.2% and the Hang Seng in Hong Kong finished the session down 0.9%.
In Europe, major indexes managed slight gains. In morning trading, the FTSE 100 in the UK was up about 0.7%. France's CAC 40 and the DAX in Germany both added about 0.5%.
Oil and dollar: Oil prices edged higher. U.S. crude for February delivery rose 20 cents to $78.20 a barrel in electronic trading.
The dollar was up just a shade against the euro and flat versus the yen.
Earnings: Friday capped a volatile week for Wall Street. Despite what were overall positive results from JPMorgan (JPM, Fortune 500) and Intel (INTC, Fortune 500), investors opted to sell shares.
Investors are likely to remain on edge as they await a slew of results this week.
Overall, 57 companies in the S&P 500 are on tap to report their quarterly results this week.
Several major financial names, including Bank of America (BAC, Fortune 500), Goldman Sachs (GS, Fortune 500) and Morgan Stanley (MS, Fortune 500), are among the firms due to release their results. To top of page
