Global stocks surge as investors ignore record new COVID-19 infections, and pin their hopes on the start of earnings season

• Stocks across the globe rose on Monday despite continuing signs that the coronavirus pandemic is speeding up once again.
• Investors were upbeat ahead of earnings season kicking off this week, with many US banks due to report.
• In China, the Shenzhen Component jumped 3.5%, while European stock indexes climbed around 1%, and US futures pointed to a 0.5% gain on the three main indexes.
• On Sunday, Florida reported 15,000 new COVID-19 cases, the highest single day rise for any US state since the start of the pandemic. 
• Away from stocks, oil fell ahead of an OPEC+ meeting on Wednesday that will decide whether production cuts are eased next month. 
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Global stocks rose on Monday as investors ignore rising COVID-19 cases around the world, and build towards the start of the second quarter earnings season, which kicks off in earnest this week.

All major stock indices were in positive territory, with the sharpest gains seen in Asia. 

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