CAPITAL MARKETS

US stocks reach new highs

Glencore lower as Glasenberg prepares to leave

Staff reporter

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The indexes were boosted by tech stocks as investors expect a robust earnings season while interest rates remain low, Reuters reported.

The S&P 500 closed up 0.23% to 4,290.61 and the Nasdaq gained almost 1% to close at 14,500.51.

The gold price is similar to yesterday, at US$1,776 an ounce on the spot market.

Base metals were mixed in London.

"We have a big week ahead with important data releases from Wednesday, quarter-end on Wednesday and the 100th anniversary of the founding of China's communist party on Thursday," Marex's Dee Perera said.

Among the major mining equities, Glencore closed down 1.79% in London as it prepares to farewell long-serving CEO Ivan Glasenberg on June 30.

Rio Tinto closed down 1%.

Freeport-McMoRan lost 1.34% in New York and BHP was down more than 1% in morning Australian trade.

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