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·         Stocks rise on White House reports of Trump's improving health

 

Stocks rose on Monday as signs that President Donald Trump’s health was improving eased some of the political uncertainty caused by his coronavirus infection, which sent investors rushing for safety last week.

 

That helped U.S. S&P 500 e-mini futures EScv1 rise 0.62%, while Nasdaq futures NQc1 gained 0.89%.

 

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 1.08%.

 

China's financial markets are closed for a public holiday.

 

Japanese shares bounced back on Monday, led by gains in value shares including railway companies, after doctors said U.S. President Donald Trump's health was improving following treatment for COVID-19.

 

The Nikkei share average rose 1.35% to 23,340.52 points, erasing its Friday losses following news of Trump testing positive for the coronavirus.

 

·         European markets open higher as investors track reports of Trump’s improving health

 

European stocks advanced Monday morning as global markets are calmed by reports of President Trump’s improving health as he’s treated for Covid-19.

 

The pan-European Stoxx 600 climbed 0.6% in early trade, with oil and gas stocks, banks and autos all adding 1.6% as all sectors and major bourses traded in positive territory.

 

European markets are expected to follow their counterparts in the U.S. and Asia-Pacific higher Monday as political uncertainty following Trump’s Covid-19 diagnosis eases.