Global Market Reactions: European Gains Counter Asian Declines

European markets opened higher due to positive gains in Germany, France, and the UK, contrasting with declines in Asian stocks following China's disappointing stimulus package. The U.S. economy remains resilient with steady Treasury yields, while oil prices and currency values experience slight fluctuations.

European markets showed robust growth on Monday, with Germany's DAX gaining 1.2%, France's CAC 40 increasing by 1.1%, and Britain's FTSE 100 rising 0.7%. These gains stand in stark contrast to the declines seen in Asian markets, where investors were disappointed by China's latest stimulus package.

The Asian stock market experienced fluctuations after China approved a 6 trillion yuan stimulus aimed at helping local governments manage debt, rather than stimulating economic growth directly. As a result, markets like Hong Kong's Hang Seng and South Korea's Kospi faced notable losses.

In the U.S., the economy showed resilience with the S&P 500 and Dow Jones posting gains, contributing to steady Treasury yields. Meanwhile, crude oil prices saw moderate declines, while currency movements included a rise in the dollar against the yen and a slight dip in the euro.

(With inputs from agencies.)