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