The S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and “economy reopening” stocks continued. The S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and “economy reopening” stocks continued. The S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and “economy reopening” stocks continued.

European stocks ended higher on Monday after the European Commission outlined plans to loosen COVID-19 restrictions on tourism, while strong factory and retails sales data and a robust corporate earnings season added to the optimism. The euro zone stocks index, which consists of markets in continental Europe, ended 0.6% higher, while the pan-European STOXX 600 index added 0.6%. European travel and leisure stocks rose 0.2% after the European Commission recommended letting foreign travellers from more countries enter the bloc, hoping to boost the stricken tourism industry this summer.

Maltese markets meanwhile ended mixed, with the MSE Equity Total Return Index gaining 0.15 percent to 8,315.662 points while the MSE Malta Government Stocks Total Return Index slipped 0.07 percent to 1,124.133 points and the MSE Corporate Bonds Total Return Index retreated 0.04 percent to 1,118.562 points. Loqus Holdings Plc jumped 48.1 percent to €0.097 on a single trade of 1,000 shares, followed by HSBC Bank Malta Plc, up 4.35 percent to €0.84.

Source: Reuters, Malta Stock Exchange

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