London/Tokyo — World stocks climbed another peak on Monday, while US bond yields were near three-month lows as worries of rising inflation abated and investors anticipated the US Federal Reserve sticking to its dovish course this week.

The MSCI world equity index and Europe’s Stoxx 600 index reached record highs, lifted by the prospect of a broadening economic recovery from Covid-19 and anticipation of dovish monetary policy from central banks...

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