Nvidia to resume H20 chip sales in China, announces new processor
Equities
Manufacturing PMI data from China rose for the first time in 3 months, boosting the region’s indexes. In Greater China, the Shanghai Composite advanced 2.3% and the Hang Seng jumped 4.1%. Around the region, the Nikkei rose 1.9% to 8844, the Kospi rallied 3.3% and the ASX 200 gained 2.7%.
European markets extended their gains from Friday. The CAC40 gained 1.6%, the DAX rose 1.4%, and the FTSE closed up 1.1%. Materials stocks led the advance, as the sector rallied 5.4%, encouraged by China’s PMI data.
In the US, stocks continued to rise. The Nasdaq was the biggest gainer, climbing 2.4%, while the Dow rose 105 points and the S&P 500 advanced 1.3%. The VIX dropped more than 6% to settle at 29.26.
Currencies
The Australian Dollar jumped 1% to 1.0474, thanks to a recovery in commodity prices. The other major currencies rose modestly against the Dollar. The Euro and Pound both inched up .2%, and the Canadian Dollar rose .3% to 1.0035.
Economic Outlook
Tuesday’s reports will include the Case-Shiller home price index, the FHFA home price index, and consumer confidence.
Manufacturing PMI data from China rose for the first time in 3 months, boosting the region’s indexes. In Greater China, the Shanghai Composite advanced 2.3% and the Hang Seng jumped 4.1%. Around the region, the Nikkei rose 1.9% to 8844, the Kospi rallied 3.3% and the ASX 200 gained 2.7%.
European markets extended their gains from Friday. The CAC40 gained 1.6%, the DAX rose 1.4%, and the FTSE closed up 1.1%. Materials stocks led the advance, as the sector rallied 5.4%, encouraged by China’s PMI data.
In the US, stocks continued to rise. The Nasdaq was the biggest gainer, climbing 2.4%, while the Dow rose 105 points and the S&P 500 advanced 1.3%. The VIX dropped more than 6% to settle at 29.26.
Currencies
The Australian Dollar jumped 1% to 1.0474, thanks to a recovery in commodity prices. The other major currencies rose modestly against the Dollar. The Euro and Pound both inched up .2%, and the Canadian Dollar rose .3% to 1.0035.
Economic Outlook
Tuesday’s reports will include the Case-Shiller home price index, the FHFA home price index, and consumer confidence.
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