Global Stocks Advance to Start the Week

May 30, 2022 3:39 a.m. ET

International stock indexes were generally higher on Monday while US markets will be closed for the Memorial Day holiday.

European stocks rose for 4 consecutive sessions. The Stoxx Europe 600 index was up 0.7 percent in morning trade, led by industry and consumer gains.

Carnival added 3.2% to the four-day boost and Delivery Hero gained 2.2%.

The UK’s FTSE 100, which is dominated by large international businesses, was up 0.4%. Other stock indexes in Europe were also mostly higher with France’s CAC 40 up 0.7 percent, Britain’s FTSE 250 up 0.7 percent and Germany’s DAX up 0.7 percent.

In the US, futures on the S&P 500 index rose 0.8% and the Dow Jones Industrial Average gained 0.5%. Changes in equity futures are not necessarily predictive of movements after the market opens.

The Swiss franc and euro gained 0.1% and 0.2% respectively against the US dollar and the pound was mostly flat against the dollar, with 1 pound buying $1.26.

On the commodity front, Brent crude rose 0.4% to $115.98 a barrel. Gold also rose 0.3% to $1,857.70 an ounce.

The German 10-year package yield rose to 1.020% and the 10-year British government debt known as the back-end rose to 1.964%. Bond yields move inversely with prices.

Asian stocks were mostly higher with Hong Kong’s Hang Seng up 2.2%, Japan’s Nikkei 225 up 2.2% and China’s Shanghai Composite up 0.6%.

Global stock markets were generally higher on Monday.


Image:

peter park / Agence France-Presse / Getty Images

—An artificial intelligence engine was used to create this article.

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https://www.wsj.com/articles/global-stocks-markets-dow-update-05-30-2022-11653896324?mod=rss_markets_main Global Stocks Advance to Start the Week

Edmund DeMarche

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