GLOBAL MARKETS-Equities edge higher, bonds stable after Chinese stocks rally


MSCI's gauge of stocks across the globe gained 0.45% following broad rallies in Asia and slight gains in Europe. On Wall Street, the Dow Jones Industrial Average fell 86.11 points, or 0.31%, to 27,844.91, the S&P 500 gained 9.14 points, or 0.27%, to 3,381.99 and the Nasdaq Composite added 110.42 points, or 1%, to 11,129.73.

NEW YORK: Global equities markets edged higher and perceived safe havens such as U.S. Treasuries gained on Monday as investors weighed further financial stimulus in China against tightening economic restrictions in Italy after a resurgence of coronavirus cases among young people.

Chinese blue chips led the way with gains of 2.35% as the country's central bank provided more medium-term loans to the financial system. Beijing also granted a patent for a CanSino Biologics COVID-19 vaccine candidate, Ad5-nCOV.

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