Global stocks show mixed results as European markets rise and Asian shares fall
Global stock markets showed mixed results on Monday. European markets rose, with Germany's DAX up 1.2% and France's CAC 40 gaining 1.1%. In contrast, Asian stocks fell, influenced by a disappointing stimulus package from China. China approved an $839 billion plan to help local governments manage debt, but investor expectations were not met. China's inflation rate rose 0.3% year-on-year in October, marking a slowdown from September's increase. In the U.S., stocks had a strong week, with the S&P 500 rising 0.4% on Friday. Treasury yields eased slightly, but remain higher than in mid-September. Oil prices also saw minor declines, with U.S. crude at $70.30 per barrel.