European shares rally as investors begin May in bullish mood

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LONDON (Reuters) – European shares gained on Monday as investors bullish about the global economic recovery looked ahead to a busy week for U.S. economic data that is expected to underline the strength of the rebound.

FILE PHOTO: A man holding an umbrella walks in front of an electric board showing Nikkei index at a brokerage in Tokyo, Japan February 15, 2021. REUTERS/Kim Kyung-Hoon

With China, Japan and Britain closed for public holidays, volumes were thin and Asian shares got off to a slow start, with most markets slipping into the red.

But investors’ optimistic mood, enhanced by a strong run of corporate earnings the past two weeks, has extended into May in Europe.

The Euro STOXX index rose 0.68% in early trading, while the German DAX gained 0.7% and France’s CAC 40 0.61%.

Wall Street futures were higher, pointing to yet more gains after stock markets notched up another round of record highs last week.

The MSCI world equity index, which tracks shares…

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