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Synopsis , S&P 500 rises 0.26%; Dow jones industrial gained average of 0.14% and the Nasdaq composite edge up 0.27%.
THE GLOBAL MARKET UPDATE .
Global equity markets were mixed on Monday, with US equities closing higher and European equities flat. China’s lower-than-expected GDP target weighed on investor sentiment around the world.
US stocks pared early gains on Monday after yields on 10-year US Treasuries rose.
The S&P 500 was up 0.26%. The Dow Jones Industrial Average was up 0.14% and the Nasdaq Composite was up 0.27%.
Treasury yields rose after data showed new orders for US manufactured goods fell less-than-expected in January.
European equities also pared gains after European Central Bank officials signaled further hikes in interest rates. After an initial rally, the STOXX 600 closed flat on Monday.
China has set an economic growth target for this year of around
404 / 5,00
This week, investors are bracing for major events, such as Federal Reserve Chairman Jerome Powell’s testimony before Congress on Tuesday and Wednesday. US jobs data for February will be released on Friday. In addition to Powell’s testimony, interest rate decisions by the central banks of Japan, Australia and Canada are scheduled for this week.
Asian stocks mostly rose on Monday. MSCI’s broadest index of Asia-Pacific stocks outside Japan rose 0.44%.
Hong Kong’s Hang Seng rose less than 0.1%. The Shanghai Composite fell 0.2%.
Japan’s Nikkei rose 1.11%.
South Korea’s Kospi index rose 1.1%.
Gold prices fell on Monday after hitting a three-week high.
Spot gold was down 0.5 percent to $1,846.54 an ounce in 1956 GMT.
Spot silver fell 1.1% to settle at $21.01 an ounce.
Crude oil prices rose on Monday in hopes of boosting demand from China.
Brent crude futures for May delivery rose 35 cents to settle at $86.18 a barrel.
Benchmark US crude for April delivery rose 78 cents to settle at $80.46 a barrel.
OPEN IN APP S&P BSE SENSEX 60,224.46 415.49 (0.69%) NIFTY 50 D 17,711.45 117.1 (0.67%) NIFTY BANK D 41,350.4 9
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