The US markets despite losing some strength going into the close managed a close in green, mainly on the back of bargain hunting and on news that Portugal’s central bank announced a plan to rescue troubled lender Banco Espirito Santo. The Asian markets have mostly made a weak start, traders in the region remained concerned with a report showing purchasing managers’ index of China’s non-manufacturing sector falling to the lowest reading going back to August 2011.
In the currency space, the dollar was stuck below a 10 and a half-month peak against a basket of major currencies. The dollar index stood at 81.32 levels.
In commodities, crude prices rose as last week's steep drop attracted buyers, investors shifted their attention from worries about swelling supplies to concern about ongoing violence in north Africa in the Middle East.
From precious metals space, gold prices stayed below 1300 dollars an ounce levels following rise in US equities.
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