Receive Breaking News updates as they occur
By Jamie McGeever LONDON (Reuters) - World stocks rose on Thursday, lifted by the strong rally on Wall Street the previous day, but investors were cautious ahead of a potentially critical 24 hours that will include a European Central Bank policy meeting and the latest U.S. jobs data. The ECB is expected to lower the central bank's growth and inflation forecasts on Thursday, while Friday's U.S. employment data could be a major factor in determining whether the Federal Reserve raises interest rates later this month. Investors are broadly betting that global monetary policy will be kept looser for longer as central banks try to mitigate the recent market turmoil stemming from the market volatility and growing economic worries in China.
By Steve Keating NEW YORK (Reuters) - Venus Williams earned a shot at a little family revenge by outlasting American compatriot Irina Falconi 6-3 6-7(2) 6-2 to set up an intriguing U.S. Open third round clash with Swiss teenager Belinda Bencic on Wednesday. Venus will seek out a scouting report from little sister and world number one Serena (50-2), who has only lost two matches this season, one of those to the 18-year-old Swiss prospect in Toronto last month. More significantly, Bencic, who rallied for a 5-7 7-6(3) 6-3 win over Japan's Misaki Doi, stands in the way of a potential all-Williams quarter-final clash that would see Venus attempting to end Serena's bid for the rare calendar-year Grand Slam.