EUR/USD advanced after European leaders signaled they could pursue policies to boost economic growth at a weekend summit. At a meeting of the Group of Eight major economies outside Washington, several Europeans leaders showed their support for the issuance of common bonds by euro-zone governments, which could help relieve some pressure off the peripheral economies. EUR/USD was at 1.2818 Monday vs 1.2783 late Friday, the EUR/JPY was at 101.66 vs 100.98, the USD/JPY was at 79.31 vs 79.03, the CHF/USD was at 0.9374 vs 0.9397, GBP/USD was at 1.5835 vs 1.5830. The ICE Dollar Index was at about 80.936 vs 81.292. The Nasdaq rose the most since December as hopes of political progress in Greece and talk of government efforts to buoy China's economy trumped a steep decline in Facebook's newly public stock. Nasdaq jumped 2.5%, as Apple rose 5.8%, Google climbed 2.3%. The Dow climbed 1.1%. Facebook skidded 11% on its second day of trading. Cooper Industries jumped 25% after agreeing to be acquired by industrial manufacturer Eaton for $11.8B in cash and stock. Oil futures snapped a six-session losing streak Monday, Nymex June crude rose 1.2% to $92.57/bbl. Gold futures pulled back as a lack of a new economic-policy response to Europe's debt woes limited demand; June Comex gold fell 0.2% to $1,588.70/oz. US Treasurys rose paring the bulk of the losses incurred overnight and leaving prices mixed across maturities by the end of the day; 2-year yields fell 0.4 bps to 0.290%, 10-year yields fell 4.5 bps to 1.747%.
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