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Wall St closed higher overnight as the S&P 500 broke a 6-day losing streak. The Dow Jones gained 0.67%, the tech-heavy Nasdaq rallied 1.11% and the S&P 500 ended the trading session 0.87% in the green.
In terms of US shares, Nvidia jumped 4.4% following a 14% sell off last week with Arm Holdings also rebounding nearly 7% overnight.
Over in Europe, markets closed higher with the STOXX600 closing 0.6% higher with the majority of sectors ending the day higher. Gains were led by telecoms stocks which rose 2.1%, whilst auto stocks fell 0.8%.
Locally yesterday, the ASX200 closed over 1% higher with all but one sector in the positive. Gains were led by the health and communication services sectors which gained 1.97% and 1.73% respectively. This was offset by the energy sector which fell 1.51% on Monday.
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