The Stoxx Europe 600 rose the highest since April, while Samsung Electronics Co. generated gains among technology stocks in the Asia Pacific MSCI index. Hong Kong shares rose before a decision on whether MSCI Inc. included Chinese stocks in the global indices. The euro stabilized as talks begin in the U.K. division of the European Union. The yen collapsed against all its major pairs, while oil and gold resumed declines.
Global shares back after an earthquake in the technology sector last week, triggered by worries about the low volatility of the largest US companies. Trading volumes were the highest since mid-March due to poor housing data and the drop in consumer confidence added to the signs of the growth rate of the US economy may be slower than expected.
Nearly a year since the British have voted to leave the European Union, Brexit negotiations will finally open Monday amid the confusion over what the government wants the UK to divorce. Political discussions in Washington took again over the weekend. US President Donald Trump is not investigated by a special adviser Robert Mueller said a member of the president’s legal team, despite repeated comments Trump in social networks, according to which is the aim of a “witch hunt.”
Chicago Fed Chairman Charles Evans and New York Fed Bank President William Dudley could speak on Monday in New York. They are the first in a series of Fed appearances scheduled for this week, including Vice President and Gov. Stanley Fischer Jérôme Powell.
The MSCI announcement if China’s population list is approved in its benchmarks worldwide. The market of $ 6.8 trillion in the market is the second largest in the world and accounts for 9% of the value of world stocks, but MSCI was rejected three times by the inclusion of the index on issues such as capital controls and long interruptions of the transaction. The MSCI decision is expected on Tuesday after the close of US markets.
The Stoxx Europe 600 rose 0.8% at 8:11 am in London, led by the bank’s shares, after falling 0.5% last week.
The Asia Pacific MSCI index rose 0.5 percent. Samsung rose 2.2 percent, while Foxconn Technology Co. rose 6 percent, the highest since September. Tencent Holdings Ltd., which lost 1.7% last week, rose 1.7%.
The Japanese Topix index jumped 0.6%. S & P / ASX 200 rose 0.5 percent. Woolworths Ltd fell 3.5 percent, the highest since September when it is associated with a crisis in global grocery companies after the decision to buy Amazon.com Inc. Whole Foods Market Inc. In the United States.
Hong Kong’s Hang Seng index rose 1.2 percent after its first weekly drop in six weeks. China’s Hang Seng Business Index rose 1.5%, the highest since May 25. The Shanghai compound rose 0.7%.
Futures on the S & P 500 rose 0.3% after the underlying indicator posted a 0.1% increase last week.
The pound remained stable at $ 1.2783. The euro showed little change, while the party of French President Emmanuel Macron was ready to win the largest majority in 15 years. The turnout was only about 44 percent.
The yield on the 10-year Treasury bond rose less than a basis point to 2.16 percent.
Australia’s benchmark yields remained stable at 2.41 percent.
The 10-year UK yield rose two basis points to 1.04 percent, while those in Germany rose by a basic point.