NEW YORK/LONDON - A global equity index rose slightly on Monday while Wall Street stocks were muted as U.S. bond yields hit their highest levels since late November and investor optimism about the outlook for Federal Reserve interest rate cuts waned.The dollar index slid as investors focused on U.S. inflation data due later this week, while the yen dipped to near 34-year lows, with traders remaining alert for any potential action from Japanese authorities to support the weakening currency..
24 points, or 0.03%, to 38,892.80, the S&P 500 .SPX lost 1.95 points, or 0.04%, to 5,202.39 and the Nasdaq Composite .IXIC gained 5.44 points, or 0.03%, to 16,253.96.MSCI's gauge of stocks across the globe .MIWD00000PUS rose 1.60 points, or 0.21%, to 778.11.Earlier in Europe the STOXX 600 .STOXX index had closed up 0.47%.Along with earnings, investor focus this week was also on the U.S. consumer price index report due out on Wednesday.