Stocks Climb, Euro Inches Higher in Big Week for Markets

A man holding an umbrella is silhouetted as he walks in front of an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar and Nikkei share average in Tokyo, Japan, on July 14, 2022. Issei Kato/Reuters

LONDON—World equity markets got off to a solid start on Monday and the euro pulled away from parity as market participants scaled back bets on the Federal Reserve interest rate hike next week.

U.S. stock futures were up more than 1 percent while European stock indices were a sea of green in a big week for the region.