US stocks rise ahead of inflation data

US stocks experienced gains as investors eagerly anticipated the release of inflation data scheduled for Thursday. This data is anticipated to offer insights into the future monetary policy direction of the US Federal Reserve. The S&P 500 increased by 40.28 points, or 0.90%, reaching 4,518.31. Similarly, the Nasdaq Composite saw a rise of 84.73 points, or 0.61%, closing at 13,993.97, while the Dow Jones Industrial Average surged by 407.80 points, or 1.16%, ending the day at 35,473.42.

 Berkshire Hathaway shares climbed 3.41% following the announcement of the company's highest-ever quarterly operating profit. Additionally, drugmaker Viatris experienced a 3.9% increase as its results exceeded forecasts.

 The yield on the 10-year treasury rose to 4.09% from Friday's 4.04%, and the 2-year treasury yield increased to 4.77% from 4.76%. The US dollar strengthened against the Japanese yen, rising to 142.44 from 141.86, while the euro weakened to $1.1007 from $1.1010.

In European markets, the pan-European STOXX 600 gained 0.1% in anticipation of global inflation data. Britain's FTSE 100 fell by 0.1% to 7,554.49 points, Germany's DAX remained flat at 15,950.76, and France's CAC 40 closed at 7,319.76 with no significant change.

 Despite forecasting strong core profit in its current fiscal year, Europe's largest copper producer, Aurubis AG, saw a decline of 9.5%. Among the sectoral gainers, the healthcare sector rose by 0.6%, driven by a 3.1% increase in Bavarian Nordic.

 In Asian markets, Hong Kong's Hang Seng index remained flat at 19,537.92, China's Shanghai Composite fell by 0.6% to 3,268.83, and Japan's Nikkei 225 rose by 0.2% to 32,254.56. Australia's S&P/ASX 200 index fell by 0.2% to 7,309.2 points, while New Zealand's S&P/NZX 50 index closed 0.1% lower at 11,934.2 points.

 Brent crude for October delivery lost 90 cents, reaching $85.34 a barrel on Monday, and the US crude oil benchmark for September delivery fell by 88 cents to $81.94 a barrel. Natural gas for September delivery rose by 15 cents to $2.73 per 1,000 cubic feet. Gold for September delivery increased by $6.10, reaching $1,970 an ounce, while silver for September delivery fell by 49 cents, closing at $23.23 an ounce.