World stocks rallied on Monday, with sentiment supported by China’s efforts to shore up its battered markets and lift confidence towards the world’s No.2 economy. The dollar was broadly firm, touching a fresh high against the battered yen.
Europe’s broad STOXX 600 index hit a two-week high, a day after posting its biggest one-day jump in about a month on China hopes. London’s blue-chip FTSE rallied 1.5%, playing catch-up after Monday’s UK public holiday. U.S. stock futures, however, were mostly steady, suggesting some caution heading into the Wall Street open.
Source: Devdiscourse
