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European stocks ended a volatile session almost flat Monday, as investors weighed disappointing Chinese data against a rally in oil prices. European shares had started in negative territory on Monday after data released over the weekend from China showed figures for industrial output, retail sales and fixed-asset income in April missed analyst expectations.
U.S. stocks closed higher Monday, rebounding after three straight weeks of declines, as a surge in oil prices and a rally in tech stocks overshadowed weaker-than-expected manufacturing data from the New York region.
Asian stocks rose for a second day, tracking a gain in U.S. equities as Apple Inc. jumped after Berkshire Hathaway Inc. disclosed a stake in the iPhone maker and oil companies climbed on higher crude prices. The pickup in commodity prices is helping a recovery in global equities, after weaker economic data and disappointing company earnings wiped out almost $2 trillion of value in the first two weeks of May. Oil traded near a six-month high after advancing 3.3 percent on Monday.
Based on MarketWatch materials
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