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Stocks, US yields climb as data, Fed comments eyed

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Stocks, US yields climb as data, Fed comments eyed

NEW YORK -A gauge of global stocks rose for the first time in three sessions on Monday, while U.S. Treasury yields climbed after a sharp drop in the prior week as investors awaited comments from Federal Reserve officials.

"There really isn't an appetite to be a real seller right now because there is a perception that momentum is going to continue, and stocks are going to continue winning," said Daniela Hathorn, senior market analyst at Capital.com. In Europe, stocks edged higher, with banks and technology stocks rebounding from losses last week after markets were startled by political uncertainty in France. TheMSCI's gauge of stocks across the globe advanced 4.38 points, or 0.55%, to 801.64, bouncing from earlier lows and following two straight sessions of declines.U.S.

"The Empire State helped a little bit, but it's more than that," said Stan Shipley, managing director and fixed income strategist at Evercore ISI in New York."Yields came down a lot last week and so some people are taking profits here."

 

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