GLOBAL MARKETS-Stocks gain as investors eye economic recovery

The pan-European STOXX 600 index closed up 0.6% and MSCI's benchmark for global equity markets rose 0.2% to close at 703.31, about 0.7% shy of a record closing high hit last week. On Wall Street, the Dow Jones Industrial Average rose 0.7% and the S&P 500 gained 0.27%. The Nasdaq Composite dropped 0.48%

NEW YORK/LONDON: Gold prices rose and a gauge of global equity markets closed not far from a record high on Monday as investors bet corporate results and U.S. data will underscore the strength of the economy's rebound from pandemic-induced shutdowns.

The dollar eased against a basket of currencies as the yield on Treasury bonds retreated on data showing U.S. manufacturing activity grew at a slower pace in April.