S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
European stocks rose to record highs on Monday as lower energy prices drove benchmark borrowing costs to drop. The Euro STOXX 50 gained 1.2% to close at 6,440 and the STOXX Europe 600 gained 0.4% to 652. Oil and natural gas prices fell sharply after the US refrained from attacking Iran over the weekend and US President Trump signaled willingness for a ceasefire. Sovereign yields fell and softened soaring credit costs, aiding banks and insurers with UniCredit, Santander, BBVA, and BNP Paribas gaining over 2%. Meanwhile, Intesa Sanpaolo rose 2.4% as talks between Banca MPS and Banco BPM for a merger of equals collapsed, reigniting Intesa’s odds for an acquisition of the latter. Software companies also closed higher, tracking US counterparts with SAP adding 4.4%. Meanwhile, Deutsche Telekom rose 5% ahead of its earnings.
