Global stock prices rose mostly on Monday as investors awaited new corporate earnings data and fears that central banks may keep raising interest rates longer than expected.
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Wall Street indexes rose ahead of the upcoming release of corporate earnings data.
In Europe, the London Stock Exchange Index rose, while the Paris Stock Exchange Index fell after reaching a record high of 7,552 points during the trading session. The Frankfurt Stock Exchange index also fell slightly.
The US dollar rose on the prospect of further US interest rate hikes, while oil prices fell.
While analysts say falling inflation has eased pressure on the US Federal Reserve, the European Central Bank and the Bank of England, consumer prices are still high and many experts expect more central bank action.
Markets fear that interest rate hikes by central banks will push the economy into recession.
The Dow Jones Industrial Average rose 0.3% to 33,987.18 on Monday, the Standard & Poor’s 500 rose 0.3% to 4,151.32, and the Nasdaq Composite rose by 0.3% to 12,157.72 points.
London’s FTSE 100 rose 0.1% to 7,879.51 on Monday, Frankfurt’s DAX fell 0.1% to 15,789.53 and Paris’ CAC 40 fell 0.3% to 7,498. 18 points.
WTI crude fell 2.0% to $80.43 a barrel in electronic trading on the New York Stock Exchange on Monday. “Brent” crude oil price on the London exchange decreased by 1.8% to 84.76 dollars per barrel.
On the Dutch stock exchange “Title Transfer Facility” (TTF) natural gas price fell by 0.05% to 41.13 euros per megawatt hour on Monday.
The euro was down from $1.0992 to $1.0930 per euro on Monday, the British pound was down from $1.2413 to $1.2376 per pound, and the dollar was up against the Japanese yen from 133.79 to 134.46 yen per dollar. The euro fell against the British pound from 88.55 to 88.29 pence per euro.
