NEW YORK/LONDON, April 22 - Investors scaled back safe-haven bets on Monday as worries over a wider Middle East conflict eased, boosting world equities and pressuring gold, oil and bond prices.
On Wall Street, the Dow Jones Industrial Average , opens new tab rose 0.13% to 38,037.07, the S&P 500 , opens new tab gained 0.19% to 4,976.62 and the Nasdaq Composite , opens new tab gained 0.09% to 15,296.43. But expectations of Federal Reserve interest rate cuts and concerns about chip sector earnings will continue to keep investors on their toes, he said.
The STOXX 600 , opens new tab index rose 0.68%. MSCI's broadest index of Asia Pacific shares outside Japan rose 0.95%. It was outpaced by a 3.11% gain for the Portuguese index , opens new tab as oil company Galp Energia , opens new tab rose nearly 20% after saying a field off Namibia could contain 10 bln barrels of oil.
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