NEW YORK: US stocks have risen, with the S&P 500 and the Dow hitting fresh record highs with growth sectors such as technology in favour again as investors appeared to regain confidence in the economy after upbeat comments from Federal Reserve officials.

Nasdaq's biotechnology index rose 2.5 per cent in its biggest one-day gain since February while the S&P's healthcare index had a record-high close.

Amazon.com's Friday announcement that it would buy Whole Foods and an upbeat tone from Federal Reserve speakers seemed to help reassure investors after the US central bank's rate hike last week, according to J. Bryant Evans, portfolio manager at Cozad Asset Management, in Champaign, Illinois.

The Dow Jones Industrial Average rose 0.68 per cent to end at 21,528.99, the S&P 500 gained 0.83 per cent to 2,453.46 and the Nasdaq Composite rose 1.42 per cent to 6,239.01.

LONDON: French stocks leapt on Monday following a convincing parliamentary victory for President Emmanuel Macron, while banks rebounded following upgrades and retailers recovered from last week's losses.

France's blue-chips gained nearly 1 per cent after President Emmanuel Macron cemented an overwhelming parliamentary majority, further increasing his party's capacity to push through reforms.

Banks BNP Paribas, Societe Generale and Credit Agricole underpinned gains on the index.

Euro zone blue-chips closed 0.9 per cent higher, and the pan-European STOXX 600 finished 0.96 per cent higher.

But Germany's DAX outperformed the CAC 40, surged 1.07 per cent to close at 12,888.95.

Meanwhile, London's FTSE 100 also jumped markedly, up 0.81 per cent to 7,523.81.

TOKYO: Asian stocks rose, shaking off Wall Street's subdued performance on Friday.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7 per cent.

Japan's Nikkei climbed 0.62 per cent to 20,067.75.

Chinese blue-chip shares advanced 0.8 per cent on signs tight liquidity conditions were easing. Data showing home prices rose 10.4 per cent in May from a year ago, although slowing from April's 10.7 per cent gain, helped boost real estate stocks.

Hong Kong's Hang Seng gained 1.16 per cent to 25,924.55.

China stocks rose, with the blue-chip CSI300 index snapping a three-day losing streak, on signs that tight liquidity is easing and as fewer new listings are expected to come onto the market.

The blue-chip CSI300 index rose 0.99 per cent, to 3,553.67 points, while the Shanghai Composite Index added 0.68 per cent to 3,144.37 points.

Traders said liquidity conditions improved as the central bank continued to provide funds via open market operations, after injecting a net 410 billion yuan into money markets last week, the biggest weekly injection since mid-January.

Liquidity typically tightens in China's financial system in June due to tax payments and as banks look to make their books look better for the end of the month and quarter. The pinch has been compounded this year by a regulatory clampdown on riskier forms of financing which has been banks hoarding more cash than usual.

WELLINGTON: The S&P/NZX50 Index rose 0.5 per cent to 7,592.03.

AAP

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