Stocks rose on Monday. The S&P 500 gained 0.8 percent while the STOXX Europe 600 added 1.2 percent.
US Treasuries fell however, the 10-year yield rising five basis points to 2.39 percent. Brent crude fell 1.9 percent to a 14-month low and gold fell 0.5 percent for a second day of decline.
Helping to boost stocks on Monday was a report in the US showing that the National Association of Home Builders/Wells Fargo housing market index rose to 55 in August from 53 in July.
However, the UK housing market may finally have cracked. A report by Rightmove showed that asking house prices fell 2.9 percent in August, the sharpest pace of decline on record for the month of August.
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