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Markets start week with gains
NEW YORK, (UPI) -- U.S. markets rose tentatively Monday, following an upswing in Asia and Europe as France joined a growing list of countries proposing to cut government spending.
The French austerity package would cut spending and raise revenue for a combined savings of $55 billion, which gives greater credence to Europe in its efforts to shore up the euro.
The euro rose to $1.2224 from Friday's $1.2094. Against the yen, the dollar fell to 91.495 yen from Friday's 91.68 yen.
In early afternoon trading, the Dow Jones industrial average gained 22.22 points or 0.22 percent to 10,233.29. The Standard & Poor's 500 index gained 2.24 or 0.21 percent to 1,093.84. The Nasdaq composite index added 7.64 or 0.34 percent to 2,251.24.
The benchmark 10-year Treasury note fell 9/32, to yield 3.26 percent.
In Japan, the Nikkei 225 index rose 1.8 percent, 174.60, to 9,879.85.
In Britain, the FTSE 100 index added 0.74 percent, 38.45, to 5,202.13.
NEW YORK, (UPI) -- U.S. markets rose tentatively Monday, following an upswing in Asia and Europe as France joined a growing list of countries proposing to cut government spending.
The French austerity package would cut spending and raise revenue for a combined savings of $55 billion, which gives greater credence to Europe in its efforts to shore up the euro.
The euro rose to $1.2224 from Friday's $1.2094. Against the yen, the dollar fell to 91.495 yen from Friday's 91.68 yen.
In early afternoon trading, the Dow Jones industrial average gained 22.22 points or 0.22 percent to 10,233.29. The Standard & Poor's 500 index gained 2.24 or 0.21 percent to 1,093.84. The Nasdaq composite index added 7.64 or 0.34 percent to 2,251.24.
The benchmark 10-year Treasury note fell 9/32, to yield 3.26 percent.
In Japan, the Nikkei 225 index rose 1.8 percent, 174.60, to 9,879.85.
In Britain, the FTSE 100 index added 0.74 percent, 38.45, to 5,202.13.
