LONDON/SYDNEY—World shares rallied on Monday after China announced measures to support its ailing markets, but Western markets remained cautious ahead of European and U.S. economic data expected later in the week due to determine central bankers’ next steps.
Beijing on Sunday announced it would halve the stamp duty on stock trading in the latest attempt to boost the struggling market and followed steps to support housing. China’s securities regulator also approved the launch of 37 retail funds.
