Dollar rises 0.165, SP 500 futures 0.3
Bonds run into profittaking, gold falls after topping 2,100
Wagers on U.S. rate cuts to be tested by payrolls
Shipping attacked in Red Sea, oil still struggling

LONDONSYDNEY, Dec 4 Reuters Global shares were mixed on Monday, while gold spiked to alltime peaks above 2,100 at the start of a busy week for economic data that will test market wagers on rate cuts from major central banks next year.

MSCI39;s broadest index of world shares rose 0.1 after hitting a fourth month high in earlier trading. However, Europe39;s STOXX 600 benchmark fell 0.1.

European retailers enjoyed an early Santa Rally as the index of top retailer shares traded up 1.1 to its highest since March 2022. But any early holiday cheer was offset by losses in the basic resources index, which fell 1.7, undermined by lower copper prices.

Attacks on commercial vessels in the Red Sea on Sunday risked reigniting investor worries about a widening of the war between Israel and Hamas, potentially complicating the outlook for a rally that saw U.S. stocks crest a fresh closing high for the year last week.

But front of mind for analysts and traders was the U.S. November payrolls report due on Friday, which needs to be solid enough to support the economic softlanding scenario, but not so strong as to threaten the chance of easing. Median forecasts see payrolls to rise 180,000, keeping unemployment steady at 3.9.

Wage growth still sits above the Fed39;s target, said Bruno…