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Dollar gains, with Treasury yields

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Global stock index up, Wall St indexes mixed

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Consumer conf comes in light, capital goods rise

(Updates prices to late morning)

By Sinéad Carew and Amanda Cooper

NEW YORK/LONDON, Dec 23 (Reuters) - MSCI's global equity

index was up slightly on Monday and U.S. Treasury yields climbed

with the dollar after data released at the start of a short

trading week showed deterioration in U.S. consumer confidence

mixed with a rise in capital goods orders.

The Conference Board said its U.S. consumer confidence index

unexpectedly weakened in December to 104.7 versus economist

expectations for an increase to 113.3 and November's upwardly

revised 112.8 on concerns about future business conditions.

New orders for key U.S.-manufactured capital goods rose

in November amid strong demand for machinery but orders for

durable goods, items ranging from toasters to aircraft, dropped

1.1% after increasing 0.8% in October, with declines mostly

reflecting weakness in commercial aircraft orders.

Ahead of Tuesday's shorter trading day and the market's

close for Christmas on Wednesday, Tim Ghriskey, senior portfolio

strategist at Ingalls & Snyder said investors still had

Wednesday's steep sell-off on their minds after the Federal

Reserve's signal for fewer rate cuts in 2025.

"There's concern about the economy. There's concern

about the Fed making a wrong move and there's the great unknown

of what Trump is actually going to do," said Ghriskey, looking

ahead to U.S. President-elect Donald Trump's Jan. 20

inauguration.

While Wall Street indexes are up for the year-to-date,

the S&P 500 fell almost 2% last week and the Nasdaq lost 1.8%.

On Monday at 11:29 a.m, the Dow Jones Industrial Average

fell 200.20 points, or 0.47%, to 42,640.06, the S&P 500

rose 1.39 points, or 0.03%, to 5,932.34 and the Nasdaq

Composite rose 75.36 points, or 0.39%, to 19,647.96.

MSCI's gauge of stocks across the globe rose

1.17 points, or 0.14%, to 845.40 while Europe's STOXX 600

index rose 0.07%.

In U.S. Treasuries, yields rose before the sale on Monday of

$69 billion in two-year Treasury notes, with volumes expected to

be muted this week while many traders are away before

Wednesday's Christmas holiday.

The yield on benchmark U.S. 10-year notes rose

4.2 basis points to 4.566%, from 4.524% late on Friday while the

30-year bond yield rose 4.2 basis points to 4.7578%.

The 2-year note yield, which typically moves in

step with expectations for the Fed's interest rate policy, rose

3.5 basis points to 4.347%, from 4.312% late on Friday.

In currencies, the dollar advanced after a drop in the prior

session while the euro fell as market moves were being dictated

by recent global central bank meetings that set expectations for

diverging rate cut paths next year.

The dollar index, which measures the greenback

against a basket of currencies including the yen and the euro,

rose 0.37% to 108.19.

The euro was down 0.31% at $1.0397 while against the

Japanese yen, the dollar strengthened 0.49% to

157.17. Sterling weakened 0.43% to $1.2515.

Oil prices extended last week's losses as a

lower-than-expected U.S. inflation reading last week offset

concern about a supply surplus next year.

U.S. crude fell 1.02% to $68.75 a barrel and Brent

fell to $72.11 per barrel, down 1.14% on the day.

Gold prices edged lower in a subdued holiday-season trading,

weighed down by a robust dollar and high U.S. Treasury yields.

Spot gold fell 0.34% to $2,611.99 an ounce. U.S. gold

futures fell 0.49% to $2,615.70 an ounce.