Global equity markets rise as oil prices and US yields retreat

U.S. equity indices rose on Monday, with the S&P 500 up 0.6%, the Dow Jones Industrial Average gaining 301 points and the Nasdaq climbing 0.8%, after commodity and bond markets cooled. Brent crude fell more than 3% to around $100 per barrel as traffic through the Strait of Hormuz improved, while the benchmark 10-year Treasury yield slipped to 4.95%, below the recent 5% mark. The softer energy and yield environment lifted markets across the globe, boosting the FTSE 100, CAC 40, DAX and Asian exchanges in Hong Kong and South Korea.

Investors also looked ahead to a Washington meeting between Donald Trump and Xi Jinping, expecting discussions on trade, AI and geopolitics. Treasury Secretary Scott Bessent highlighted recent productive talks with Chinese officials, and ING commodities strategists noted that profit-taking and hopes for constructive diplomatic dialogue helped improve sentiment.