Global Stocks Steady Before Busy Week, China Skips Rate Cut

Passersby walk past an electric board displaying Japan's Nikkei share average outside a brokerage in Tokyo, Japan, on April 18, 2023. Issei Kato/Reuters

LONDON/SYDNEY—Global stocks held steady on Monday, with U.S. markets closed for a holiday, while Chinese equities fell slightly after the country’s central bank wrong-footed investors by skipping on a rate cut.

MSCI’s world stock index was unchanged in morning trading in Europe. It has fallen around 0.35 percent so far this year after rallying 20 percent in 2023.