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Global Stocks: Wall Street, Nikkei and Chinese stocks book gains
U.S. stocks rose on Monday as the energy, technology and utilities sector led shares higher. The S&P 500 closed +0.66% with a final quote of 2,080.62 points. The DOW JONES index added gains and rose by +0.66%, closing at 17,880.85 points. Markets were supported by the fact that the FED seems to consider economic factors before hiking the benchmark interest rates. Recent weak U.S data was seen as an indication that the FED will no rush.
Chinese stocks resume their rally amid speculations on further economic stimulus by the PBoC. The economic slowdown in China, the world's second largest economy, is already seen bottoming and China has lots of options left in order to spur the economy. Hong Kong's Hang Seng is closed +0.77% at 25,275.64 points. China's Shanghai Composite rose to 3,938.55 points closing+1.93%.
The Nikkei rose to two-week highs on Monday. The index rose +1.25% to 19,640.54 points. Japanese stocks were supported by gains in the U.S. and the prospect of the FED waiting longer before raising interest rates.
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