Global Stocks Rise, Yen Dips Amid Calm After Volatile Week

Global stocks rose on Monday, with the yen slipping due to a Japanese holiday that removed recent volatility. Investors focus on upcoming U.S. and Chinese economic data. Last week's market tumult was driven by weak U.S. job numbers and an unwinding yen trading strategy. Strong U.S. data calmed global slowdown fears.

Global stocks inched higher on Monday, while the Japanese yen slipped as a holiday in Japan removed a recent source of market volatility. Investors are now turning their attention to upcoming economic data from the U.S. and China.

Last week was marked by a wild ride in stock markets, primarily driven by a plunge in Japanese stocks following weak U.S. job numbers and the unwinding of a popular yen trading strategy. The strong U.S. data over the weekend helped to alleviate fears of a global economic slowdown, allowing stocks to recover most of their losses by Friday.

MSCI's global stock gauge added 0.25% by 1447 GMT on Monday. On Wall Street, the S&P 500 rose 0.36%, the Nasdaq Composite climbed 0.7%, while the Dow Jones Industrial Average remained largely unchanged. Meanwhile, Europe's STOXX 600 index was up 0.15%, Germany's DAX index was flat, and Britain's FTSE 100 increased by 0.59%.