Global shares rose on Monday

Global shares rose on Monday amid growing optimism the United States and China will reach a trade agreement as soon as this month.

Global shares

  • MSCI’s broadest index of Asia-Pacific shares added over 8 percent. In February, the index rose 1.3 percent.
  • The pan-European STOXX 600 index was up 0.4 percent.
  • E-mini futures for the S&P 500 index of U.S. stocks were up 0.3 percent in London.
  • Australian shares rose 0.4 percent
  • Hong Kong’s Hang Seng index added 0.7 percent.

U.S. President Donald Trump and Chinese President Xi Jinping might seal a formal trade deal around March 27, given progress in talks between the two countries, the Wall Street Journal reported on Sunday.

Currency Market

  • The dollar index rose against a basket of major currencies to its highest in a week. It was last higher 0.1 percent at 96.604.
  • The euro fell to its lowest in a week, down 0.25 percent on the day at $1.1339.
  • The Australian dollar, a liquid proxy for risk hedges, gained, but disappointing domestic data curbed the gains. The currency was last at $0.7076, after earlier rising as high as $0.7118.

Commodities

  • Oil prices gained on Monday with Brent futures up 0.7 percent at $65.53 a barrel.
  • US Crude rose 0.6 percent to $56.12.

 

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