London — World stocks remained near two-month highs on Monday with the dollar and oil chalking up gains, although some European bourses struggled as momentum from last week’s US employment and manufacturing data bounce started to fade. The pan-European Stoxx 600 slipped 0.1% in early trading with Paris’s CAC and Frankfurt’s DAX both falling around 0.2%-0.3%. MSCI’s All Country World index, which tracks stock markets in 47 countries, traded within a whisker of Friday’s two-month high after Hong Kong’s Hang Seng ended a half day of trade up 0.2% while Australian shares and Japan’s Nikkei ended 0.5% higher. London’s FTSE rose 0.2% to a two-month high after sterling softened against the dollar. Trade was subdued with many of the region’s markets closed for the Lunar New Year. China’s financial markets are closed all week, while those in South Korea are shut until Thursday. “The tone we took away from the end of last week and the dovish tilt from the Federal Reserve is positive for risk ...
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