global stocks rose as us futures were steady monday as investors focused on upcoming corporate earnings and rising interest rates as us exchanges were shut in observance of the martin luther king jr holiday in asia the nikkei 225 nik rose 07 in tokyo while the hang seng hsi retreated with little movement generated by the people’s bank of china decision to cut interest rates on its oneyear facility by 10 basis points the stoxx europe 600 sxxp rose 06 in afternoon action in morning action the sp tsx 60 sptse gained 03 in toronto us stock futures es00 were little changed in electronic action following two weeks in which the sp 500 spx has retreated by 2 the tech heavy nasdaq composite comp has dropped 5 this year “historically the start of the year has been a poor indicator of what is to come for investment markets” said stuart kirk global head of research and responsible investments at hsbc asset management since the global financial crisis the average msci world return to the end of the year following a negative first seven trading days has been nearly 11 edging out the index performance after a positive first seven trading days he notes corporate earnings are due from the banking sector with bank of america bac and morgan stanley ms set to release results as well as more airlines and streaming giant netflix nflx expected to report results uk stocks have outperformed their us counterparts as investors rotate into value sectors with bond yields on the rise “we believe this move has further to run over coming months the uk still looks excessively cheap with a priceearnings ratio some 30 lower than the rest of the world and the us excessively expensive with a valuation premium as high as 50” said rupert thompson chief investment officer at uk wealth management firm kingswood