Global equity markets advanced modestly in mixed trade on Monday as disappointing data held U.S. stocks in check, while a rebound in oil prices lent some support.
U.S. economic data showed consumer spending fell and construction spending rose less than expected in December, while an industry report pointed to slowing in the manufacturing sector in January.
Crude oil prices rose to build on a rally in the prior session, but gains were capped by expectations of more supply. U.S. crude settled up 2.76 percent at $49.57 a barrel while Brent settled up 3.32 percent at $54.75.
