US stocks started the week with modest gains after a difficult start to trading.
One reason inflation is accelerating: rising oil prices, driven by Saudi production cuts that have created a supply shortage.
In a busy week for central banks, decisions are also being made from the Bank of England, the Bank of Japan, the Central Bank of Turkey and several others.
The three major US stock indexes rose Gains arrive After bouncing in early trading, it is looking to rebound after Friday’s technology-led selloff.
Treasury yields fell from their morning highs. The 10-year yield was recently at 4.317%, according to Tradeweb, down from about 4.36% earlier in the session and 4.321% on Friday. The yield needs to end the day above 4.339% to reach its highest close since 2007.
US crude futures rose But they also gave up gains in the afternoon. Energy stocks remained higher but fell behind information technology as the best-performing sector in the S&P 500.
European stocks fellled by construction and technology stocks, are trying to catch up with the swoon witnessed on Wall Street on Friday.
Asian markets were mixedWith gains in mainland China and losses in Hong Kong. Japanese markets were closed.
