SP 500 futures up 0.20.3
Trade thin with U.S. markets on holiday
Oil, gold edge up as dollar flags

LONDON, Sept 4 Reuters Global shares rose on Monday, lifted by a growing expectations that the Federal Reserve will not raise interest rates again, and by hopes that China39;s steady drip feed of policy stimulus might stabilise the economy.

A holiday in the United States kept a lid on activity ahead of key readings on U.S. services and Chinese trade and inflation later this week.

More policy action is also expected from Beijing, including relaxing restrictions on home buying.

There was relief that embattled property developer Country Garden won approval from its creditors to extend payments for an onshore private bond.

Taken alongside other measures announced in prior weeks, it does appear that momentum is building for policy changes in China that could put a floor under sentiment and lift consumption, Lazard chief market strategist Ron Temple said.

I continue to worry that there is not a sufficient sense of urgency among Chinese policy makers, but moves like those taken this week, combined with stabilizationimprovement in PMI data could signal an upcoming turn in investor psychology, he said.

The MSCI AllWorld index, which last week staged its strongest weekly rally since midJuly, was up 0.2, while the dollar was around 0.16 lower on the day.

Perhaps there39;s some carryover from last week I39;m still surprised at the lack of uplift from the jobs report or…