Various benchmarks closed at record highs
The US
Monday’s rally was driven by the expectations that the current chip shortage will continue to boost prices. Moreover, the markets await the Federal Open Market Committee meeting. USA30 rose 0.53%, closing at a record high. USA500 went up 0.63%, and TECH100 added 1.05%.
Crude oil traded at $66.25 per barrel after it gained 1%.
Gold rose 0.3% to $$1,724.90 per ounce.
Asia and Australia
The economic data released showed that the industrial production grew 35.1% year-on-year in China in February, topping the 30% expansion forecasted. Also, HongKong45 gained 0.43% after the US temporarily lift the ban on Xiaomi.
Japan225 was up 0.26%.
Down under, Australia200 edged up 0.15%.
Europe
Stocks started the week on a positive note, boosted by the upcoming FOMC meeting. To the momentum also contributed to the fact that Danone announced that Emmanuel Faber would step down as chairman and CEO. Germany30 traded 0.3% higher; France40 reached the highest point in a year after it went up 0.6%. UK100 climbed 0.6%.
Brent oil rose 0.9% to $69.86 a barrel.
EUR/USD lost 0.2% trading at 1.1936.
Source: investing.com
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