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The MSCI World Equity Index, which tracks shares in 47 countries, rose 0.86 percent. Wall Street notched a third straight day of gains in the market looked after the tit-for-tat trade between Washington and Beijing.
The S & P 500 Index gained 0.88 percent, led by a nearly 3 percent surge in bank stocks , their favorite daily event since March. The Dow Jones Industrial Average rose 320.11 points, gold 1.31 percent, to 24,776.59, while the Nasdaq Composite added 67.81 points, gold 0.88 percent, to 7,756.20.
A pick-up in bond yields also boosted equities.
Overall, S & P 500 profits appear on track for another year-over-year growth greater than 20 percent, according to Thomson Reuters estimates. That is helped blunt concerns over the deteriorating global trade scene after the United States and China slapped tariffs on some $ 34 billion of each other's goods on Friday.
"The market is anticipating a very good earnings season and ignoring any trade issues," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
Bank shares also found support from the first notable uptick in US Treasury yields in two weeks. The yield on the 10-year rose 3 basis points to nearly 2.86 percent.
European and Asian stocks also rose, with the pan-European STOXX 600 gaining index 0.58 percent, led by a strong bounce across mining and energy stocks.
MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.35 percent, following a 0.7 percent rally on Friday when the launch of US tariffs on Chinese imports came and went without too many fireworks.
The pound lost ground after Foreign Minister Boris Johnson added his name to the clutch of British cabinet ministers to quit in protest over Prime Minister Theresa May's plan for leaving the European Union.
Sterling had been whipsawed a bit by the two other ministerial departures, including Brexit Minister David Davis on Sunday, but Johnson's adressed the rug out, calling into question May be able to deliver the vision of the European Union eek.
The pound is more than 1 percent at one point before partially recovering to 0.29 percent below Friday's close.
Britain's FTSE gained 0.92 percent, helped by the currency's weakness, said analysts said the political tensions were no positive
The drop in the size of the dollar, with the dollar index firming fractionally to 94.086. The euro was at the price of $ 1.1749.
In commodity markets, the prices are higher than the eased. U.S. crude rose 0.3 percent to $ 74.02 per barrel and Brent was last at $ 78.25, up 1.48 percent on the day.
Spot gold added 0.3 percent to $ 1,257.31 a year ago. – Reuters
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