Rudderless after a rally, stock markets look for next catalyst
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LONDON/NEW YORK (Reuters) - Global equity markets have shuffled up about 1% this month despite the world starting to re-open after the coronavirus-driven lockdowns and U.S. and European economic data showing glimmers of a recovery. The sideways movement is in sharp contrast to the roughly 30% rally in late March and April, when investors were able to shrug off far more dire economic data and look towards recovery backed by government support. In some ways, not much has changed in the world’s..