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Global markets update: US stocks gain ahead of inflation data, Dow Jones surges 1.16%


US stocks gained on Monday, as investors awaited inflation data due on Thursday. 

The inflation data could provide clues to investors on the US Federal Reserve’s monetary policy path.

The S&P 500 rose 40.28 points, or 0.90%, at 4,518.31. The Nasdaq Composite added 84.73 points, or 0.61%, at 13,993.97. The Dow Jones Industrial Average surged 407.80 points, or 1.16%, at 35,473.42.

Shares of Berkshire Hathaway rose 3.41% after the company reported its highest-ever quarterly operating profit.

Drugmaker Viatris climbed 3.9% after its results beat forecasts.

The yield on the 10-year treasury rose to 4.09% from 4.04% late Friday. The 2-year treasury yield gained to 4.77% from 4.76%.


The US dollar gained at 142.44 Japanese yen from 141.86. The euro fell to $1.1007 from $1.1010.


European stocks rose on Monday, with the pan-European STOXX 600 adding 0.1% ahead of inflation data from across the globe.

Britain’s FTSE 100 fell 0.1% at 7,554.49 points. Germany’s DAX ended flat at 15,950.76. France’s CAC 40 closed flat at 7,319.76.

Europe’s largest copper producer Aurubis AG fell 9.5% despite its forecast for a strong core profit in its current fiscal year.

Among the sectoral gainers, the healthcare sector rose 0.6%, led by 3.1% gains in Bavarian Nordic. 


In Asia, Hong Kong’s Hang Seng index ended flat at 19,537.92. China’s Shanghai Composite: fell 0.6% at 3,268.83. Japan’s Nikkei 225 rose 0.2% at 32,254.56.

Australia’s  S&P/ASX 200 index fell 0.2% at 7,309.2 points. New Zealand’s benchmark S&P/NZX 50 index ended 0.1% lower at 11,934.2 points.

Energy prices

Brent crude for October delivery lost 90 cents at $85.34 a barrel on Monday. The US crude oil benchmark for September delivery fell 88 cents at $81.94 a barrel.

Natural gas for September delivery rose 15 cents at $2.73 per 1,000 cubic feet.


Gold for December delivery declined


$6.10 at $1,970 an ounce. Silver for September delivery fell 49 cents at $23.23 an ounce. 

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Updated: 08 Aug 2023, 02:08 AM IST

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.