text: Global stocks rise as Fed rate path reassessed; banks rally | Reuters
  January 13, 2014 / 2:17 AM / 5 years ago
  LONDON (Reuters) - World stocks rose towards a six-year high on Monday and the dollar and bond yields slipped as last week's surprisingly weak U.S. jobs data strengthened the case for the Federal Reserve to keep interest rates low for longer.
  The report did not change expectations that the Fed would wind down its bond-buying program by the end of the year, but interest rate futures markets pushed back the timing of the first rate hike towards late 2015 from mid-2015.
  MSCI world equity index .MIWD00000PUS gained 0.2 percent, approaching a six-year high set last month, buoyed by a 0.9 percent rise in emerging stocks .MSCIEF.
  European stocks .FTEU3 rose 0.1 percent, staying hear a 5-1/2 year peak. Japan was closed for a public holiday.
  European banking stocks rose 1.2 percent .SX7P after global banking regulators agreed on Sunday to ease a new rule on how banks' leverage ratios are calculated to try to avoid crimping financing for the world economy.
  "The fact that euro zone assets lead the gains so far this year is a positive sign. It means that things have greatly stabilized and that the region is not a pariah for global investors as it used to be."
  Oil prices retreated after nations struck a six-month deal with Iran to curb its nuclear program and U.S. President Barack Obama urged Congress not to impose additional sanctions on the country. Nymex oil futures lost 0.7 percent Brent crude fell below $107 a barrel.