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Global Stocks Rally

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WORLD HEADLINES – Global stocks rose on Monday as the U.S. government played down fears of a trade war with China that has roiled markets over the last week.

STOCKS – MSCI’s world equity index, which tracks shares in 47 countries, was up 0.24 percent, helped by Europe’s benchmark Stoxx 600 index that rose 0.5 percent.

BONDS – Treasuries traded sideways ahead of the U.S. trading session.

COMMODITIES –  Oil prices edged up with Brent crude futures for June up 0.58 percent to $67.49 a barrel, while U.S. crude gained rose 0.53 percent to $62.38 a barrel.

CURRENCIES – The euro was flat at $1.2280, and above the recent trough of $1.2212, while the dollar index was a fraction firmer at 90.138.

ECONOMIC DATA – CAD BOC Business Outlook Survey due at 10:30 ET.

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COMMODITY FUTURES, OPTIONS, AND FOREX TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
 
 
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