Investors Were Cautious About &Nbsp; Dow Fell 0.72% On Monday.

As of 4:00 pm Eastern time,

Investors were cautious, and the Dow fell 0.72% on Monday.

US industrial orders in August fell more than expected, and European budget deficit has not improved. Investors are cautious when investors are cautious on Monday when some data and earnings season are about to be announced this week. On Monday, the US shares went down and down, and the Dow fell 110 points in the middle of the session, eventually down by 0.72%.

On the disk side, the means of production and pport energy sector led the decline.

The fall of the auto sector led to a fall in the European stock index, while the pan European Dow Jones index fell 257.74 on Monday, down 0.5%.

On the main regional index, the FTSE 100 index fell 0.7%, at 5555.97 points, the French CAC 40 index fell 1.1%, 3649.81 points; the German DAX 30 index dropped 1.2%, reported 6134.21 points.

Crude oil closed at $81.47 on Monday.

The US dollar rebounded slightly, and gold prices fell by 1 to 1316.80 US dollars, or 0.08%.

economic data

At 10:00 a.m. Eastern time, data released by the US Department of Commerce showed that the number of factory orders in the US decreased by 0.5% in August, down from 0.3% that economists generally expected.

The index rose 0.1% in July.

At 10:00 a.m. Eastern time, the data released by the association of real estate brokers showed that the contract sales index for housing sales rose by 4.3% to 82.3 points in August.

The index was 78.9 in July.

Company news

French pharmaceutical giant Sanofi Aventis announced on Monday that it will launch a hostile takeover of US $18 billion 500 million worth of biotech Genzyme Corp..

Sanofi has been in contact with Genzyme on acquisitions this summer, but its offer was rejected by the latter.

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Due to the failure to find a suitable buyer, GM's Opel business will close a factory in Antwerp, Belgium.

The closure of the European Baoan special plant will also be the first European auto factory closure since 2006.

Goldman Sachs announced on Thursday that it would downgrade its software giant Microsoft Corp's stock from "buying" to "neutral", while reducing its target price from $32 per share to $28 per share.

The reason is that recent signs indicate that the renewal cycle of computers is lengthened, which will affect the sale of Microsoft software.

The group of experts appointed by the Swiss government announced today that according to the Basel III agreement, UBS and Credit Suiss will need to raise capital almost twice.

AIG reduces the valuation of its subsidiary AIA in Hongkong's initial public offerings (IPO) in order to secure a $1 billion investment from the Kuwait investment authority.

Visa and MasterCard are closing in with the Justice Department's anti trust investigation on credit card acceptance rules, according to people familiar with the matter.

Russia's second largest mobile phone operator, VimpelCom, is about to conclude a $7 billion deal with the Egyptian billionaire Naguib Sawiris, to merge their mobile assets.

It is reported that GE will buy Wellstream, a British oilfield service company, with a purchase price of US $800 million.

The company has just announced that it has signed $700 million worth of equipment supply orders with Saudi Arabia to complete the construction of a new natural gas power plant in Saudi Arabia.