Stocks rose on Monday despite the continuing tension in Ukraine. The S&P 500 rose 1.0 percent and the STOXX Europe 600 rose 1.1 percent. Moscow’s Micex Index surged 3.7 percent.
Helping to boost market sentiment were positive economic data from the US.
Manufacturing production in the US rose 0.8 percent in February, pushing total industrial production up 0.6 percent.
The Federal Reserve Bank of New York’s general economic index rose to 5.6 this month from 4.5 in February.
The National Association of Home Builders/Wells Fargo housing market index rose 1 point to 47 in March.
Meanwhile, in the euro area, inflation fell to 0.7 percent in February from 0.8 percent in January.
No comments:
Post a Comment