European stocks fall from record but post fourth monthly gain | Malay Mail

LONDON, June 1 — European stocks slipped from record highs on Monday in subdued trading due to holidays in major markets, but optimism over a swift economic recovery helped the STOXX 600 index mark its fourth straight month of gains.

Italian insurer Cattolica surged 15.1 per cent after bigger rival Assicurazioni Generali said it would launch a 1.17 billion euros buyout offer for the company. Dovish comments from European Central Bank policymakers, including President Christine Lagarde who said it was too early to discuss slowing its pandemic emergency bond purchases , helped support sentiment last week.

“With headline inflation on the rise, the ECB’s attempt to avoid the taper conversation will become more and more complicated,” said Carsten Brzeski, global head of macro at ING said in a client note.

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World stocks set for 4th month of gains, yuan slips | Malay MailLONDON, June 1 — World equities were firmly on track to post a fourth straight month of gains yesterday, while the dollar struggled broadly ahead of European and US data this week that will provide a clearer picture on the global economy’s recovery path. MSCI’s broadest index of world stocks...
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