Global equities markets are set for a fourth consecutive session of gains, with the growth-sensitive materials sector likely to be in the driver’s seat again after being one of the most heavily sold sectors in recent months as investors cut exposure to riskier assets, fearing the worldwide recovery was losing momentum.European leaders will meet on Thursday to set out proposals to convince financial markets they can contain a debt crisis by agreeing to tighten economic policy coordination and strengthen budget discipline.
U.S. crude for July rose 77 cents to $74.55 a barrel at 10:51 p.m. EDT, still down 14 percent from a 19-month high above $87 in early May. ICE Brent gained 58 cents to $74.93.
In currencies, the dollar rose to 91.85 yen in Tokyo on Monday from 91.77 yen in New York late Friday. The euro climbed to $1.2175 from $1.2125.
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