U.S. stocks extended rally on data

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Source: Forexpros

U.S. stocks extended gains on Monday as market sentiment lifted was lifted by the better-than-expected ISM manufacturing PMI in the U.S. The Dow Jones Industrial Average rose 1.19%, to 13,596.45; the Standard & Poor 500 Index gained 0.93%, to 1,454.75, while Nasdaq-100 futures jumped 0.63%, to 3,135.82.

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Mon, 01 Oct 2012 16:53:40 GMT

European stocks edged higher on Monday

European stocks were boosted by the surprise increase in the U.S. manufacturing activity, as well as upbeat comments by EU Commissioner Olli Rehn. The Stoxx Europe 600 Index added 1.4% to close at 272.33; French CAC 40 Index added 2.4% to 3,434.98, while German DAX 30 Index closed 1.5% higher at 7,326.73.

Mon, 01 Oct 2012 15:51:40 GMT

U.S. manufacturing rebounded in September

The U.S. manufacturing sector rose unexpectedly last month, after three consecutive months of contraction, indicating the industry is stabilizing. The Institute for Supply Management reported that he ISM manufacturing PMI rocketed to 51.5, up from 49.6 in August, while analysts had expected factory index to remain under 50, a level which indicates industry expansion, for the fourth straight month, at 49.7.

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