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There is broad backing in markets for cutting trading hours in a coordinated way across European exchanges, the London Stock Exchange said on Monday.

SHANGHAI Reuters) - Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc's locally made Model 3.

U.S. public companies sold more than $60 billion in shares in May, the biggest monthly haul ever, as they capitalized on a stock market rally fueled by hopes that the COVID-19 pandemic is subsiding.

As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering.

The company changed its name to Axon from Taser in 2017.

World stocks hovered near three-month highs and the dollar was flat on Monday as optimism over economies opening up again boosted risk appetite, despite worries over riots in the United States and unease over Washington's standoff with Beijing.

Brazilian planemaker Embraer reported a $292 million first quarter loss on Monday due to a coronavirus crisis sales slump and the impact of a failed deal with Boeing Co .

World stocks were just shy of three-month highs and the dollar weakened further on Monday as optimism on economies opening up boosted risk appetite, shrugging off worries over riots in the U.S. and unease over Washington's power struggle with Beijing.

Jim Cramer said on "Squawk on the Street" that Wall Street will be focused on a crucial week for U.S. businesses even as protests have led to curfews and store closures.

Southwest Airlines Co on Monday extended buyout packages and temporary paid leaves to employees in what its chief executive said was an effort to "ensure survival" as the carrier braces for a slow recovery from the coronavirus pandemic, according to documents detailing the packages that were seen by Reuters.

Oil futures edged lower on Monday as rising U.S.-China tensions weighed on market sentiment, but reports that OPEC and Russia were close to a deal extending output buoyed prices.

A top Aston Martin shareholder cut its stake in the British carmaker by nearly 5%, a regulatory filing showed on Monday.

More chief financial officers of major corporations surveyed by CNBC expect the Dow Jones Industrial Average to retest the coronavirus crash level below 19,000 before setting a new high, according to the Q2 CNBC Global CFO Council survey.

European manufacturers may be over the worst of a coronavirus-driven downturn, but Asia's pain deepened in May due to a slump in global trade, with export powerhouses Japan and South Korea seeing the sharpest falls in activity in over a decade, surveys showed.

Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to a deal on extending oil cuts but held back by renewed tension between the United States and China.