Stocks Hover as Traders Brace for September Swings: Markets Wrap

(Bloomberg) — Global equities hovered near record highs on Monday as investors prepared for what’s typically considered the most challenging month for stocks.

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Europe’s Stoxx 600 index pared most losses from earlier in the session after closing at an all-time high on Friday. Volkswagen AG rose 1.3% after the automaker said it’s considering unprecedented factory closures in Germany, while Rightmove Plc surged 27% in London on the back of takeover interest from Rupert Murdoch’s REA Group Ltd.

US equity futures were little changed. The dollar edged higher after its worst month this year, while cash Treasuries were closed for the US Labor Day holiday.