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US stocks are getting closer to their record highs.
The European Purchasing Managers Index for September has dampened the outlook for the euro area economy. The Eurozone's composite PMI is at 50.4 – still growing but below expectations. The manufacturing PMI index showed a contraction more serious than expected.
In Germany, the largest economy in Europe, the manufacturing sector also contracted. While the service sector continues to grow, it is doing worse than expected.
Christine Lagarde, who will head the European Central Bank in November, "will need to stimulate further and help coordinate budget policies with governments," said Edward Moya, senior market analyst at Oanda, in a note to clients
In the midst of worries over global growth, trade and the geopolitical situation around Iran, safe haven assets have increased. Bond prices rose and yields fell, with the 10-year Treasury yield rising to 1.697%.
The price of gold rose 0.8% to $ 1,519 an ounce. Money prices rose nearly 3% Monday.
Elsewhere in the world of metals, palladium futures have reached their highest level.
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