Wall Street rose at the end of the day, helped by a rise in European stocks earlier in the day. This stabilized investor sentiment after a series of volatile sessions. Investors say that the outlook for stocks is still a little iffy because other central banks are tightening their policies and oil prices have gone up again, which makes inflation more of a concern. On the other side, oil surges about 17% in January, the biggest gain since February 2021, and the Dollar index is on track for its biggest daily drop since Jan. 12.
The MSCI World index (.MIWD00000PUS), even though it rose on Monday, is still down 6.2% in January, which is the worst start to a year since 2016. Before Friday, the index was on its way to having its worst January since the global financial crisis in 2008. It last gained 1.8%.
There was a 0.9% rise in the yield on 10-year U.S. Treasury notes, while the yield on two-year U.S. Treasury notes, which moves in line with expectations for interest rates, was up 0.5% at 1.177%.