Global markets update: US stocks up marginally as investors await inflation data
inflation data, due to be released on Wednesday. The S&P 500 gained 3.89 points, or 0.09%, at 4,402.84. The Dow Jones Industrial Average rose 167.86 points, or 0.5%, at 33,902.74.
The Nasdaq Composite added 4.30 points, or 0.03%, at 13,665.01. Second quarter earnings are due to kick off this week with reports from some big US banks. Intel shares surged 2.6% and Qualcomm gained 1.3% after US treasury secretary Janet Yellen said over the weekend that meetings with senior Chinese officials were direct and productive. The 10-year treasury yield slipped to 4.00% from 4.06% late Friday.
The 2-year treasury yield fell to 4.86% from 4.95%. The US dollar fell to 141.32 Japanese yen from 142.14. The euro rose to $1.0999 from $1.0967.
European shares rose on Monday, led by gains in the travel & leisure sector stocks. The pan-European STOXX 600 index ended 0.2% higher. European travel & leisure stocks gained 1.3%.
Britain’s FTSE 100 gained 0.2% at 7,273.79. Germany’s DAX rose 0.5% at 15,673.16. France’s CAC 40 added 0.5% at 7,143.69. Shares of Bayer rose 1.6% following a report that the German giant could spin off and list its CropScience unit.
Wihlborgs Fastigheter shares fell 7.8% after the Swedish real estate firm reported its first-half results. Asian stock markets mostly climbed on Monday. Hong Kong’s Hang Seng index rose 0.6% at 18,479.72.
China’s Shanghai Composite added 0.2% at 3,203.70. Japan’s ikkei 225 fell 0.6% at 32,189.73. China’s consumer inflation flattened in June and producer prices sank, indicating the world's number two economy continuing to struggle. After a year-long probe Ant Group has been hit with a near $1 billion penalty for illegal acts, while Tenpay was ordered to pay more than $400 million.
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