The upward momentum for the markets is partly due to the release of Chinese manufacturing data showing faster growth in the sector.
A report from the
Revised estimates released by
Meanwhile, a separate report from
The manufacturing index for the euro zone fell to 51.8 in June from 52.2 in May, although a reading above 50 indicates the twelfth consecutive month of growth.
Not long after the open, the
Economists expect the ISM's manufacturing index to edge up to a reading of 55.8 in June after climbing to 55.4 in May.
Stocks showed a lack of direction throughout the trading day on Monday, as traders seemed reluctant to make any significant moves. The choppy trading came on the heels of the mixed performance shown by the markets last week.
The major averages eventually ended the day on opposite sides of the unchanged line. While the Nasdaq rose 10.25 points or 0.2% to 4,408.18, the Dow dipped 25.24 points or 0.2% to 16,826.60 and the S&P 500 edged down 0.73 points or less than a tenth of a % to 1,960.23.
In overseas trading, stock markets across the
Meanwhile, the major European markets have all moved to the upside on the day. While the German DAX Index has ticked up by 0.2%, the
In commodities trading, crude oil futures are climbing
Among currencies, the US dollar is trading at
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