SYDNEY/LONDON—World shares were heading for a sixth straight session of gains on Monday, helped by last week’s bond rally, as markets priced in earlier rate cuts in the United States and Europe, wagers to be tested by a swarm of central bank speakers this week.
Battered bond markets have enjoyed a welcome recovery as a benign U.S. payrolls report and upbeat productivity numbers suggested the labour market was cooling enough to obviate the need for further rate increases from the Federal Reserve.
