Geopolitical
tensions over North Korea pressured the dollar against the yen and
lifted gold prices on Monday, while U.S. stocks edged higher after three
straight days of losses.
North
Korea made a failed missile test launch on Sunday, adding to regional
tensions that have escalated over the past weeks as U.S. President
Donald Trump has taken a tough rhetorical line with Pyongyang.
The dollar fell to a five-month low against the safe-haven yen, while the U.S. dollar index was down 0.4 percent. Gold gained 0.7 percent to hit a five-month high.
Most major European markets were closed for Easter Monday, while Wall Street reopened after being closed for the Good Friday holiday.
Worries over the upcoming French elections as well as softer U.S. economic data added to the bearish sentiment. Data on Friday showed U.S. retail sales fell for a second straight month in March and consumer prices dropped for the first time in just over a year.
Data showing China's economy grew faster than expected in the first quarter helped offset the soft U.S. figures.
World stocks as measured by the MSCI world equity index rose 0.3 percent.
U.S. stocks regained some ground after the recent global risks had weighed on the market last week.
The Dow Jones Industrial Average was up 67.03 points, or 0.33 percent, to 20,520.28, the S&P 500 gained 5.64 points, or 0.24 percent, to 2,334.59 and the Nasdaq Composite added 15.55 points, or 0.27 percent, to 5,820.70.
The dollar fell to a five-month low against the safe-haven yen, while the U.S. dollar index was down 0.4 percent. Gold gained 0.7 percent to hit a five-month high.
Most major European markets were closed for Easter Monday, while Wall Street reopened after being closed for the Good Friday holiday.
Worries over the upcoming French elections as well as softer U.S. economic data added to the bearish sentiment. Data on Friday showed U.S. retail sales fell for a second straight month in March and consumer prices dropped for the first time in just over a year.
Data showing China's economy grew faster than expected in the first quarter helped offset the soft U.S. figures.
World stocks as measured by the MSCI world equity index rose 0.3 percent.
U.S. stocks regained some ground after the recent global risks had weighed on the market last week.
The Dow Jones Industrial Average was up 67.03 points, or 0.33 percent, to 20,520.28, the S&P 500 gained 5.64 points, or 0.24 percent, to 2,334.59 and the Nasdaq Composite added 15.55 points, or 0.27 percent, to 5,820.70.
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