Global stock markets rallied to four-week highs on Monday as investors counted on a revival in Chinese activity to boost global growth, even as surging coronavirus cases delayed business re-openings across the United States. MSCI’s All-Country World Index, which tracks shares across 49 countries, rose 0.7% to its highest since June 6 after the start of European trading. European shares jumped, with the pan-European STOXX 600 index rising 1.64%. Stocks exposed to China, like carmakers, industrials, energy firms and luxury goods makers rose strongly, while banks also rallied. [.EU] In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1.6% to its highest since February, with the bullish sentiment spilling into other markets. E-Mini futures for the S&P 500 firmed 1.2%. Chinese blue chips jumped 5.7% on top of a 7% gain last week to their loftiest level in five years. Even Japan’s Nikkei, which […]