GLOBAL MARKETS-Stocks scale five-week highs on China’s post-holiday surge

Global stocks hit five-week highs on Monday led by China's post-holiday surge as investors bet on a steady recovery for the world's no. 2 economy, but worries about rising COVID-19 infections capped gains in Europe and the United States. European countries were considering adding fresh travel curbs due to rising coronavirus, a contrast to Asia-Pacific countries including Singapore, Australia and Japan, where a gradual easing of some international travel restrictions was under way.