LONDON—World stocks rose to a two-week peak on Monday, with Japan’s Nikkei closing at its highest level in 33 years, drawing support from signs that cooling inflation might temper central banks’ appetite to further hike rates.
European shares rallied, while U.S. equity futures pointed to a positive open for Wall Street which closes early ahead of Tuesday’s July 4 holiday.
In Asia, a Bank of Japan survey showed business sentiment improved in the second quarter, while the Caixin manufacturing survey dipped to 50.5, from 50.9 in May, showing a slowdown in China’s factory activity. That slightly beat market forecasts, but underlined the weakening economic trend….