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

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Reuters

By Saikat Chatterjee LONDON (Reuters) – World equities are set to post a fourth consecutive month of gains on Monday, while the dollar remains under pressure ahead of a slew of European and U.S. data that will confirm whether the global economy is on a steady recovery path. MSCI’s broadest index of world stocks 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 the gauge rose for five consecutive months, according to Refinitiv data. But U.S. stock futures and European cash equities trading were …

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