(Adds close of U.S. markets)
* 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 closed not far from a record high
on Monday as investors bet corporate results and U.S. data will
underscore the strength of the economy's rebound from
pandemic-induced shutdowns.
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
2.8 basis points lower at 1.6029% after a shortage of inputs
likely restrained factory output as massive fiscal stimulus and
rising COVID-19 vaccinations 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
0.2% to close at 703.31, about 0.7% shy of a record closing high
hit last week.
On Wall Street, the Dow Jones Industrial Average .DJI rose
0.7% and the S&P 500 .SPX gained 0.27%. The Nasdaq Composite
.IXIC dropped 0.48%.
A slide in high-flying tech and related stocks - including
Amazon.com Inc
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GLOBAL MARKETS-Stocks gain as investors eye economic recovery, gold shines
Published 05/04/2021, 05:06 AM
Updated 05/04/2021, 05:10 AM
GLOBAL MARKETS-Stocks gain as investors eye economic recovery, gold shines
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