A surprise rebound in China's manufacturing data and better-than-expected US numbers pushed the S&P 500 to near six-month highs on Monday. The benchmark index closed about 2 percent below a record closing high it hit in late September.
World trade shrank by 0.3 percent in the fourth quarter of 2018 and is likely to grow by 2.6 percent this year, slower than the 3 percent growth in 2018 and below a previous forecast of 3.7 percent, the World Trade Organization (WTO) said.
Energy stocks will be in focus as oil hit a 2019 high of more than $69 a barrel on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut.
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