World stocks traded just below record highs on Monday, pausing ahead of this week’s central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades began shutting down two Libyan oilfields.
European equity markets were lower, while U.S. stock futures dipped, with the Martin Luther King Jr. holiday in the United States meaning subdued trading activity.
In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.25% on Monday after rising to its highest since June 2018. Japan’s Nikkei gained 0.2% to near its highest in 15 months.
In China, the blue-chip CSI300 index rose 0.7%. The yuan rose to a six-month high.
Oil prices rose to their highest in more than a week since two large oil fields in Libya began shutting down.
Brent crude futures were last up 0.9% at $65.45 a barrel, off session highs. U.S. crude jumped 0.7% to $58.97.
The dollar edged up 0.1% against a basket of currencies, with the index rising as high as 97.727, its strongest since Dec. 24. The euro was a tad lower at $1.1082.
Elsewhere, gold gained 0.25% to around $1,560 an ounce, after reaching a seven-year high earlier this month at the height of Iran-U.S. tensions.