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WORLD HEADLINES – Stocks, oil prices and the dollar were on the rise on Monday after the U.S.-China trade war was declared “on hold” while in Europe, Italy’s borrowing costs climbed and the Milan bourse fell as two anti-establishment parties got closer to power.
STOCKS – European stocks opened higher with the pan-European STOXX 600 up 0.3 percent, while U.S. S&P mini futures rose 0.5 percent following a positive session in Asia led by strong gains in greater China.
BONDS – Italy’s 10-year bond yield rose to 2.28 percent, their highest level since July 2017, pushing the gap with the benchmark German Bund to 1.73 percent.
COMMODITIES – Oil prices held firm near 3-1/2-year highs also on easing trade tensions. Brent crude futures were at $78.97 per barrel, up 0.6 percent.
CURRENCIES – Higher U.S. yields helped to strengthen the dollar about 0.40 percent against a basket of currencies while the euro dipped 0.44 percent .
ECONOMIC DATA – European and Canada Bank Holiday, FOMC Member Bostic Speaks at 11:30 ET.