Global stocks rise as investors look to economic data

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Global stock markets rose Monday as investors shrugged off worries about rising coronavirus infections in the United States and some other countries and focused on hopes for an economic recovery.

Indexes in London and Frankfurt rose after Shanghai led a market rally in Asia earlier. Wall Street futures also rose.

On Wall Street, the future for the benchmark S&P 500 index was up 1.1% and that for the Dow Jones Industrial Average advanced 1.3%. In Asia, the Shanghai Composite Index rose 5.7% to 3,332.88 and the Nikkei 225 in Tokyo gained 1.8% to 22,714.44. The Hang Seng in Hong Kong added 3.8% to 26,339.16. Markets also are watching an election in Singapore and possible unrest in Hong Kong over a security law.

 

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