A jump in U.S. consumer spending pushed U.S. shares to an intraday record on Monday and global equities edged higher, offsetting a weak euro zone sentiment survey and political uncertainty over Spain's elections. Major U.S. indexes advanced modestly, with the S&P 500 topping its intraday record of 2,940.91 set on Sept. 21 with a session high of 2,948.71. The benchmark index posted a record closing high last week but has been unable to pierce the intraday mark. The pan-European STOXX 600 index rose 0.08% and MSCI's gauge of stocks across the globe gained 0.26%. U.S. Treasury yields rose in the wake of the consumer spending data, while the dollar slipped against a basket of major currencies.

Source: The Star April 29, 2019 18:22 UTC