LONDON—World stocks held their ground on Monday after eight consecutive sessions of gains, as traders weighed the prospects of strong corporate earnings in the backdrop of widening inflation risks from multi-year high crude oil prices. European stocks edged higher in early London trading while U.S. stock futures held firm as investors shrugged off the possible impact from news of a pilot property tax in China and ongoing troubles in the sector. While the broader economic momentum has slowed in recent weeks and market-implied inflation risks have increased with break-even rates on both sides of the Atlantic racing to multi-year highs, equity markets have been broadly unfazed. MSCI’s broadest index of world stocks steadied below an early September high after notching up eight consecutive sessions of gains, its longest winning streak since late May, according to Refinitiv data. European stocks steadied while U.S. stock futures tiptoed higher as a busy week …
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