This translation has been automatically generated and has not been verified for accuracy.Global stock markets gained on Monday as investors pinned their hopes on stimulus that’s expected from the world’s central banks to support slowing growth.
The data were a positive surprise in largely gloomy readouts from major economies since Friday, which heightened expectations of stimulus from central banks. “If all the currently proposed tariffs are implemented, we foresee that growth in the first half of next year will slow toward the brink of a recession,” said Mark Haefele, chief investment officer at UBS Global Wealth Management.
The dollar was 0.02% higher against a basket of currencies. It traded at 106.940 yen, off the one-month peak of 107.235 scaled late last week.