Favorable corporate earnings reports buoyed shares Monday in Europe, and the U.S. market was modestly higher ahead of a new round of corporate reports. The Stoxx Europe 600 edged up 0.15% to 300.30, and the S&P 500 rose 0.20% to 1,695.53. Here is a continuously updated list of global stock indexes.
Philippine policy rates are likely to be maintained at their current record-low levels when the Monetary Board meets Thursday, economists say. Inflation remains below target levels, they note, and the imperative to stimulate growth remains.
China's central bank and the nation's financial institutions swung to a net sale of 41.2 billion yuan worth of foreign currency at the end of June after six months of net purchases. Analysts say the change may mark a net outflow of foreign capital, which in turn will place further stress on money markets and raise the possibility of a central bank rate cut.
News of the election victory for Prime Minister Shinzo Abe's ruling party in Japan helped lift shares across Asia on Monday. The Nikkei rose 0.47% to 14,658.04, the Hang Seng added 0.25% to 21,416.50, the Kospi gained 0.48% to 1,880.35 and the S&P/ASX climbed 0.60% to 5,001.90.
India's central bank clamped restrictions on the import of gold, requiring that 20% be made available for export and an additional 20% be retained by customs. The move is directed at India's ballooning current-account deficit, which has been worsened by the popularity of gold and high oil prices.