Stocks lose steam at end of solid month; sterling falls| Reuters
 

By Richard Leong | NEW YORK NEW YORK Major stock markets around the globe ended a solid May on a weak **t on Wednesday, while the sterling fell as conflicting poll results stoked worries whether the ruling Conservatives could lose seats in next week's UK general election.MSCI's global equity index .MIWD00000PUS, which tracks 45 stock markets, dipped 0.1 percent on Wednesday, paring its month-to-date gain to 1.8 percent. The index booked seven months of increases, which would be its longest monthly winning streak in over a decade.The diminished appeal of stocks on Wednesday underpinned safe-haven bids for gold and low-risk U.S. and German government bonds.Oil prices declined to a three-week low as news of a rebound in Libyan production exacerbated worries about a global oversupply despite OPEC's pact to extend output cuts last week.Despite Wednesday's losses, hopes for an eco**mic pickup in Europe, together with signs of stability in Japan and China and moderate U.S

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| Reuters appeared first on Firstpost.



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