The News Craving
Published by
Reuters
Reuters
By Dhara Ranasinghe LONDON (Reuters) – World stocks hovered around record highs on Monday, confident the U.S. Federal Reserve is no rush to step away from massive stimulus, while oil prices fell as Hurricane Ida weakened after forcing precautionary shutdowns of U.S. Gulf oil production. Major European bourses were broadly steady, as were U.S. stock futures, and overall trade was subdued with London out for a public holiday. The Europe-wide STOXX 600 traded flat, but was on course to end August with a more than 2% rise – its seventh straight month of gains in what would be its longest such winn…
