European shares rose on Monday as industrial activity in China gained strength, another sign of recovery from the coronavirus pandemic that added to hopes the global economy would also return to health.
) raised optimism about a growth in Asian demand and Iraq pledged to further cut supply. [O/R]
The MSCI world equity index .MIWD00000PUS, which tracks shares in 49 countries, gained 0.1%. Wall Street futures gauges ESc1 pointed to a positive start. U.S. regulators also recommended that overseas companies listed on American exchanges be subject to U.S. public audit reviews from 2022. Earlier, Asian shares outside Japan .MIAPJ0000PUS seesawed in holiday-thinned trade, staying below a six-and-a-half-month peak touched last week. They were last up 0.1%.Causing further uncertainty for investors are ongoing talks in Washington over a U.S. fiscal stimulus package that have hobbled the U.S. dollar.
With investors worried that the U.S. recovery may lag behind those in other major economies, the dollar’s two-year supremacy has slipped.
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