One of the main US stock market benchmarks closed at the highest level since October 2008, as investors began the week in risk-seeking mode, buying equities and commodities and selling the dollar.

The Dow Jones Industrial Average rose 2 per cent to 10,226.94, as shares globally responded positively to this week’s G20 meeting in Scotland. The S&P 500 index gained 2.2 per cent at 1,093.08.