World stock markets rose on Monday, with the S&P 500 poised to extend a four-week winning streak, while robust European manufacturing data helped the euro recover from a six-week low.
At the same time, a report showing a drop in U.S. business investment in September clouded views on when the Federal Reserve will start withdrawing its stimulus spending.
A decline in euro zone inflation left investors bracing for still easier monetary policy in the 17-country group, with some believing the European Central Bank could reduce its benchmark rate when it meets later this week.
Even an acceleration in European factory production last month was not enough to dash those expectations, as the sector remained fragile compared with historical levels.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.