World stocks scale another peak as await Fed signal

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By Thyagaraju Adinarayan and Hideyuki Sano LONDON/TOKYO (Reuters) – World stocks climbed another peak on Monday, while U.S. bond yields were near three-month lows as worries of rising inflation abated and investors anticipated the U.S. Federal Reserve sticking to its dovish course this week. The MSCI world equity index and Europe’s STOXX 600 index reached record highs, lifted by the prospect of a broadening economic recovery from COVID-19 and anticipation of dovish monetary policy from central banks. Recovery bets also boosted oil to May 2019 highs. [O/R] S&P 500 futures meanwhile nudged 0.1% …

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