European and U.S. stocks rose on Monday as Israel’s military action against Hamas proceeded more cautiously than investors initially expected. The benchmark Stoxx Europe 600 rose by 0.7%.
In the United States, the S&P 500 climbed by 0.6%, while futures listed on the tech-heavy Nasdaq 100 gained 0.8%. Contracts listed on the Dow Jones Industrial Average were up by 0.5%.
Oil prices retreated early Monday, with benchmark Brent crude declining by 1.4% to $89.19 per barrel. The price of spot gold declined as well, falling 0.5% to $1,996.97 an ounce. While the U.S. 10-year Treasury yield rose three basis points to 4.86%, Germany’s fell by three basis points to 2.80%. Britain’s 10-year yield remained little changed.
