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Global Stocks Solid As US Hits All Time High

EQUITIES

Equity markets across Europe and the US rose further Monday, resulting in the e-mini S&P showing above 3,900. In the US, gains were driven by energy and materials names after the supportive rally in oil prices saw Brent crude futures show above $60/bbl. Utilities and real estate were the laggards.

In Europe, stocks saw similar gains, with the Italian FTSE-MIB adding close to 1.5% on further signs of political stability. PM-designate Draghi could assume office as soon as Friday, with early reports suggesting support for the former ECB President.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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