Reuters

European shares rebounded on Monday and the dollar fell from two-month highs as market sentiment recovered briefly, although investors remain cautious about both the second wave of COVID-19 in many regions and the Nov. 3 U.S. presidential election. Equities fell sharply last week and the dollar hit a two-month high as coronavirus infections surged again in Europe and as investors reassessed their expectations for a global economic recovery ahead of the U.S. vote. After a tech-driven rally in Wall Street late on Friday, Asian shares gained, with Chinese shares boosted by data over the weekend showing China’s industrial firms grew for the fourth consecutive month in August.