Global shares are mostly lower as investors pin hopes on rate cuts WSOC TV [Video]

TOKYO — (AP) — Global shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates.

France’s CAC 40 was virtually unchanged in early trading at 8,151.94, while Germany’s DAX edged up 0.1% to 18,227.53. Britain’s FTSE 100 was little changed, inching down less than 0.1% to 7,929.84.

The futures for the S&P 500 and the Dow Jones Industrial Average were 0.1% lower.

Japan’s Nikkei 225 shed 1.2% to finish at 40,414.12, as investors sold shares to lock in profits after the benchmark recently hit record highs.

Hong Kong’s Hang Seng declined 0.2% to 16,473.64, while the Shanghai Composite fell 0.7% to 3,026.31.

China’s currency, the yuan, was set at a rate of 7.0996 against the U.S. dollar. The official “central parity rate,” is based on a weighted average of prices offered by market makers before the interbank market opens each business …