Producers of metals and other raw materials were lower amid weak Chinese manufacturing data.
Data released Saturday by the National Bureau of Statistics showed that the country's official purchasing managers index fell to 50.4 in July from 50.9 in June. Numbers above 50 indicate expansion.
Meanwhile, the U.S. Senate wrapped up negotiations on the finer points of an infrastructure bill over the weekend, as Sen. Majority Leader Chuck Schumer prepared to bring the bill to a vote this week.
Shares of European mining and commodities trading giant Glencore rose after it posted growth in earnings and sales, driven by higher prices for a range of materials. Glencore cut its projected output of coal, zinc and nickel for the year, the latest sign of discipline among miners cautious of over-extending production during what could be a transitory spike in materials prices.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
08-02-21 1629ET
