June 20, 2021

World stocks set for 4th month of gains in data-heavy week

A man wearing a facial mask, following the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei (top in C) and other countries stock index outside a brokerage at a business district in Tokyo, Japan, January 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo

World equities were firmly on track to post a fourth straight month of gains on Monday, while the dollar struggled broadly ahead of a slew of European and U.S. data this week that will provide a clearer picture on the global economy’s recovery path.

MSCI’s broadest index of world stocks (.MIWD00000PUS) drifted 0.1% higher, putting the gauge on track for a 1.4% gain for May. It is the longest monthly rising streak for the index since August 2020, when it marked a five-month run of gains, according to Refinitiv data.

But U.S. stock futures and European cash equities trading was quiet on Monday due to…

Read full article here: www.reuters.com