On Wall Street, the Dow Jones Industrial Average rose 0.54%, to 34,393.98, the S&P 500 gained 0.99%, to 4,197.05 and the Nasdaq Composite or 1.41%, to 13,661.17.
NEW YORK: Global equity markets gained on Monday while the dollar traded near four-month lows against major currencies as investors eye upcoming U.S. inflation readings for guidance on monetary policy.
Market participants were gearing up for U.S. personal consumption data - the Federal Reserve's preferred inflation measure - on Thursday, and a potential tapering of asset purchases in the face of strong economic data.
The yield on the benchmark 10-year U.S. Treasury note dipped to one-week lows, while safe-haven gold inched higher. "The market is taking a deep breath and is coming to terms with inflation," said Thomas Hayes, managing member at Great Hill Capital in New York.
The MSCI world equity index rose 0.66% to 706.20. Europe's broad FTSEurofirst 300 index added 0.10% to close at 1,715.51, with technology stocks helping the index hover near record highs.
Limited time offer:
Just RM5 per month.
