International markets roundup
Market watch top headlines
A roundup of trading on major world markets:
NEW YORK - US stocks opened solidly higher on expectations of continued economic stimulus measures by central banks.
Five minutes into trade on Monday, the Dow Jones Industrial Average rose 53.27 points, or 0.38 per cent, to 14,053.84.
The broad-based S&P 500 increased 7.74 points, or 0.51 per cent, to 1,523.34.
The tech-rich Nasdaq Composite Index jumped 20.09 points, or 0.64 per cent, to 3,181.90.
LONDON - European stock markets rode an Italian election rollercoaster, rising as exit polls initially tipped a centre-left victory but then dipping as it emerged a coalition may be needed.
London's FTSE 100 index of leading companies ended Monday up 0.31 per cent to 6,355.37 points, in Paris the CAC 40 climbed 0.41 per cent to 3,721.33 points, while Frankfurt's DAX 30 jumped 1.45 per cent to 7,773.19 points,
Italy's FTSE-Mib jumped by nearly four per cent after the first exit polls showed the centre-left led by Pier Luigi Bersani had a large lead over Silvio Berlusconi's party.
It then swung sharply down to a loss of 0.3 per cent after polls showed the centre-right ahead in the upper house Senate, meaning a coalition would be necessary, only to finish the day up 0.73 per cent to 16,352 points.
The euro had broken $US1.33 on the prospects of a clear win by the centre-left in Italy, but then fell back to $US1.3197. That was still up marginally from $US1.3189 on Friday.
HONG KONG - Asian markets mostly rose, with Tokyo surging after the yen hit a near three-year low against the US dollar, while concerns eased that the US Federal Reserve could soon end its loose monetary policy.
Investors in Japan cheered reports that the likely next central bank chief was in favour of aggressive monetary easing.
Tokyo surged 2.43 per cent, or 276.58 points, to 11,662.52 and Sydney climbed 0.75 per cent, or 37.7 points, to 5,055.8. But Seoul lost 0.46 per cent, or 9.37 points, to 2,009.52.
Shanghai ended up 0.50 per cent, or 11.66 points, at 2,325.82, while Hong Kong added 0.17 per cent, or 37.64 points, to 22,820.08.
WELLINGTON - The NZX 50 Index gained 11.84 points, or 0.3 per cent, to 4226.44.