Global Stocks Climb Amid Mixed Economic Signals

Global stock indexes increased on Monday as investors responded to comments from Federal Reserve policymakers. The euro weakened against the dollar after disappointing euro zone economic data. U.S. Treasury yields rose as recession fears lessened. Policymakers' remarks suggest additional interest rate cuts might occur in the future.

Global stock indexes edged higher on Monday as investors digested comments from Federal Reserve policymakers, while the euro slid against the dollar following disappointing euro zone economic data.

U.S. Treasury yields rose as bond investors showed less concern about an imminent recession in the world's largest economy. Comments from U.S. policymakers were in focus after the Federal Reserve initiated a half-point interest rate cut last week.

Minneapolis Fed President Neel Kashkari called the rate cut "the right decision," while Bank of Chicago President Austan Goolsbee projected "many more rate cuts over the next year." Atlanta Federal Reserve President Raphael Bostic noted that the U.S. economy is nearing normal inflation and unemployment rates, indicating that monetary policy needs to normalize.

(With inputs from agencies.)