Stock market today: Live updates

Manufacturing activity improved in the New York area while the six-month outlook surged to its best level since early 2022, according to a Federal Reserve survey released Monday.

The Empire State Manufacturing Index, though still negative, improved to -6 for June, up 9.6 points from May and better than the -10.5 estimate from the Dow Jones consensus.

Within the survey, the expectations index for general business conditions leaped to 30.1, up 15.6 points on the month. Other measures saw sharp improvements in new orders and delivery times, while price measures decreased though remained positive.

The survey registers the percentage difference between companies seeing expansion and contraction.

—Jeff Cox

European markets opened higher Monday as investors shook off negative sentiment from last week and looked ahead to the Bank of England’s latest interest rate decision.

The pan-European Stoxx 600 was up 0.3% in early deals, with all major bourses and the majority of sectors in the green.

France’s CAC 40 rose 0.8%, recovering from last week, when the index fell more than 6.2%, marking its worst weekly loss since March 2022. Meanwhile, the U.K.’s FTSE 100 was up 0.3%, Germany’s DAX 0.7% higher and Italy’s MIB up 1.2%.