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U.S. stocks traded higher midway through trading, with Dow Jones gaining over 40 points on Monday.
The Dow traded up 0.12% to 33,919.07 while the NASDAQ rose 0.49% to 13,323.71. The S&P 500, also rose, gaining, 0.21% to 4,307.89.
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Novartis agreed to acquire Chinook Therapeutics, Inc for $40 per share in cash.
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In commodity news, oil traded down 4.4% to $67.07 while gold traded down 0.6% at $1,964.80.
Silver traded down 1.8% to $23.975 on Monday while copper fell 1.2% to $3.7440.
European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.14%, London’s FTSE 100 fell 0.02% while Spain’s IBEX 35 Index rose 0.44% The German DAX gained 0.79% French CAC 40 rose 0.56% and Italy’s FTSE MIB Index rose 0.75%.
The BNP Paribas Real Estate Construction PMI in Ireland climbed to 49.4 in May from 48.4 in April.
Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 gaining 0.52%, Hong Kong’s Hang Seng Index gaining 0.07% and China’s Shanghai Composite Index dropping 0.08%. India’s S&P BSE Sensex rose 0.2%.
Japanese machine tool orders dipped 22.2% year-over-year to JPY 119,316 million in May following a revised 14.4% decline in the prior month. Producer prices in Japan increased 5.1% year-over-year in May followed a revised 5.9% rise in April.
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The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 107,187,160 cases with around 1,166,660 deaths. India confirmed a total of at least 44,992,780 cases and 531,890 deaths, while France reported over 40,113,580 COVID-19 cases with 167,480 deaths. In total, there were at least 690,283,600 cases of COVID-19 worldwide with more than 6,890,400 deaths.