Global
stock indices witnessed a rise to their highest level in four weeks during
Monday's trading, with the recovery returning to economic activities in both
China and Germany, which may boost global growth, even with continued Covid-19 infections
around the world.
The
MSCI Global Equity Index, which is a measure of the performance of stock
exchanges in 49 countries around the world, witnessed a rise of 0.7% to record
its highest level since June 6, after the positive performance of European
stocks today.
The
Euro Stoxx 600 index climbed 1.64% after the positive performance of shares of
automakers, industrial companies, energy companies and banks.
The
FTSE 100 for British stocks rose 1.82% at 6269.48 points, the German DAX index surged
1.51% at 12717.34 points and the French CAC 40 index also increased by 1.42% at
5078.14 points.
On
the other hand, the MSCI index of Asian and Pacific shares, excluding Japan, edged
up by 1.6% to record the highest level since February, in light of the optimism
returning to investors.
European
data today contributed to the recovery of European and global stocks
significantly, as it showed a record recovery in factory orders in Germany, in
addition to the rise in retail sales in the euro zone to the highest levels
since compiling data for the index.
The
upbeat data contributed to the return of investor confidence, which was clearly
reflected in the performance of global stocks today.
The
recovery of data in China released last week along with European data gave
investors a trend that the economic recovery may take the shape of V, yet it
also showed that the return to the levels before the Corona pandemic may take
longer than previously expected.
The
intraday gold prices stabilized today, under the level of $ 1780 an ounce, after
a decline in the dollar levels against the major currencies, along with the
high demand for the precious metal as a safe haven in the financial markets.
The dollar index,
which measures the performance of the federal currency against a basket of six
major currencies, declined today and recorded the lowest in two sessions at the
level of 96.78 after it opened the week's trading at 97.15.