(Adds latest numbers)
* MSCI's all-country world index gains, off record peak
* German yields hit highest since March 2020
* UK, Chinese, Japanese markets closed for holidays
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh
By Herbert Lash and Tommy Wilkes
NEW YORK/LONDON, May 3 (Reuters) - Gold prices rose and a
gauge of global equity markets was not far from a record on
Monday as investors remain bullish about the economic recovery
ahead of more corporate results and U.S. data that is expected
to underline the strength of the rebound.
The dollar eased against a basket of currencies as the yield
on Treasury bonds retreated on data showing U.S. manufacturing
activity grew at a slower pace in April. The yield on the 10-year Treasury note US10YT=RR traded
2.3 basis points lower at 1.6082% after a shortage of inputs
restrained factory output as massive fiscal stimulus and rising
vaccinations against COVID-19 unleashed pent-up demand.
The dollar index =USD slipped 0.3%, making gold more
affordable for holders of other currencies, while sliding
Treasury yields reduced the opportunity cost of holding
non-interest bearing gold.
In Europe, stocks closed higher after the European
Commission outlined plans to loosen COVID-19 restrictions on
tourism. Strong factory and retails sales data and a robust
earnings season added to investor optimism.
The pan-European STOXX 600 index .STOXX closed up 0.6% and
MSCI's benchmark for global equity markets .MIWD00000PUS rose
0.36% to 704.37, about 0.5% shy of a record closing high hit
last week.
On Wall Street, the Dow Jones Industrial Average .DJI rose
0.91% and the S&P 500 .SPX gained 0.53%. The Nasdaq Composite
.IXIC dropped 0.29%.
A slide in high-flying tech and related stocks, including
Amazon.com Inc
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GLOBAL MARKETS-Stocks advance as investors eye economic rebound, gold gains
Published 05/04/2021, 03:12 AM
Updated 05/04/2021, 03:20 AM
GLOBAL MARKETS-Stocks advance as investors eye economic rebound, gold gains
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