Stocks gain at start of week packed with earnings and rate decisions

NEW YORK/SYDNEY, July 29 - Global stocks broadly gained on Monday in a week packed with earnings and a trio of central bank meetings that could see the United States and UK open the door to interest rate cuts, while Japan might lift borrowing costs in a step toward"normality".

The U.S. Treasury will outline its bond sale plans for the quarter, while China's politburo meeting could produce more stimulus following surprise rate cuts last week. "The FOMC is set to hold steady but is likely to revise its statement to hint that a cut at the following meeting in September has become more likely," wrote analysts at Goldman Sachs in a note.

Investors are less sure whether the Bank of England will ease at its meeting on Thursday, with futures showing a 51% probability of a cut.The Nasdaq and the S&P 500 rose on Monday, buoyed by megacap stocks, while the Dow Jones , opens new tab fell.

Nederland Laatste Nieuws, Nederland Headlines

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